Official betting is the practice of wagering on sports events that are officially sanctioned by a sporting body or governing body. This includes professional sports such as the NFL, college football and basketball, along with amateur athletics like horse racing and dog racing.
The United States began legalizing sports betting in 2018 and since then, many states have regulated their respective markets accordingly. Despite a few states that have taken a stand against the industry, others have jumped at the opportunity to launch as quickly as possible.
Sunday’s Big Game
The National Football League is by far the largest sport in America and sports bettors love betting on Sunday’s big games. This is because Sunday’s action is the busiest during football season, and it’s also one of the most lucrative days for bettors.
In Nevada, more money is wagered on Football than any other sport. This is because more people live in the state and because of the large number of sports bettors who enjoy watching the NFL.
During football season, bettors can place wagers on both teams to win the game and the margin of victory. They can also place bets on specific points in the game, called a “money line.”
A total is an estimate of the total number of runs scored in a game. It is calculated by multiplying each team’s average number of runs scored per game by its average number of runs allowed per game.
Money lines change constantly. They can be very high or very low, depending on which team is the favorite or underdog. This makes it difficult for bettors to calculate their odds correctly, so many sports books have started offering a line that is not always their current money line.
Dime Lines Are Disappearing
Dime lines are slowly disappearing as sports books look to make more money during the slowest betting seasons. Traditionally, a sports book would offer dime lines on a team that had a losing record and then move the line to a higher amount during the next game to boost their profit.
Most sports bettors prefer to use a money line, as this gives them the most accurate prices for their bets. In addition, the money line will change throughout the game and be updated on your ticket.
In-State College Teams
Arizona, Colorado, Illinois, Iowa, New York, Pennsylvania, Tennessee, Virginia and West Virginia prohibit wagering on in-state collegiate teams through mobile or retail sportsbooks. However, they allow bettors to place wagers on their state’s college teams in-person at a retail location.
College Player Props
A college player prop is a bet on a player that will play for his college team. Some states, such as California, have banned player props, while other states, including New Hampshire, have not made any decision on whether or not to ban them.
The FA’s rules on player props are not as broad as those of the ICC, which prohibits individuals in their personal capacities from providing inside information to a tipper. These individuals include players, coaches, team managers, and match officials.