Official betting refers to bets that use official data from the governing body of a sport or sports league. As more states move to legalize sports betting, the battles for control over data and what data is required have emerged as primary fronts in the debate.
How official betting works
A sportsbook sets odds for a game based on the average margin of victory. If a team is -1.5, they must win by two runs or more to cover the spread. The same applies to the Over/Under line. Should a game feature extra innings, the bet uses the final score.
How it works
The best way to understand how official betting works is by learning what type of wagers are available. Most sportsbooks offer a variety of different types of prop bets. These bets include player totals, run totals and season totals.
Over/Under bets are a great place to start when you’re new to sports betting. They’re easy to place and offer a good chance at winning cash.
Moneyline bets are another type of totals bet. These bets are based on the difference in the number of runs scored by each team. They’re a great option for baseball bettors, as these games often have high run differentials.
In-game bets are another popular form of live betting. These bets allow you to bet on a game while it’s still in progress, so you can watch the action unfold and take advantage of any shifts in odds.