When placing wagers on sports, you want to know that the odds are based on real information. This is what’s known as official betting, and it is one of the most important aspects of a successful sports betting strategy.
While there are many ways to bet on sports, you should always research each betting site before depositing your hard-earned money. This includes looking at a site’s reputation, terms and conditions, minimum age requirements, and the types of bets it accepts. User reviews can also be helpful, but don’t take them as gospel. What one person views as negative, another might view as positive.
Before you place your bets, make sure that the site is licensed in your state. For example, Kansas sportsbooks must be regulated by the state’s lottery and gaming commission. This is to protect bettors from sites that operate without licenses. Look for the commission’s logo to verify the legitimacy of a sportsbook. Also, check to see if the sportsbook offers bets on your favorite teams and events.
New York sportsbooks are licensed by the New York State Gaming Commission, which ensures that all wagers comply with state law. The American Gaming Association is the industry’s leading lobbying group and supports states’ right to regulate sports gambling on their own.
Colorado legalized sports betting in 2021, and its first online sites began taking bets at the end of that summer. Betting on both pro and college games is allowed, but player prop bets in collegiate games are prohibited.