Official betting is sports wagering that has been designated as officially sanctioned and regulated by a state or league governing body. This type of betting usually takes place at licensed sportsbooks in states where sports betting is legal.
All bets are settled based on the final result declared by governing bodies. Bets that are abandoned and not restarted within 24 hours will be void. If the game goes into extra innings, all bets will be settled including those on totals markets, but they won’t include additional market types like quarter and half betting.
The NFL has taken steps in recent years to improve the integrity of its betting markets. It has beefed up in-house technology and security personnel, partnered with sportsbooks and integrity firms, and is using a network that monitors the betting market and can identify improper bettors. These improvements should help the NFL catch more offenders.
NBA rules state that players or employees of a team cannot bet on any WBSC-sanctioned events, but they can bet on other sports as long as it is not on an NBA team or property. This doesn’t stop individuals from betting on other teams, or participating in non-NBA related pools such as Super Bowl squares or NCAA tournament brackets.
NFL playoff betting is a unique aspect of the sport, and gives bettors the chance to make a once-a-year wager. Unlike traditional wagers, these bets are based on the results of all four wild card games to determine which teams will advance to the Divisional round.