Official betting (also known as parimutuel wagering) is the act of placing bets on a specific outcome. This can include sports bets, casino games, and horse races.
The most common types of bets in official betting are spreads, totals, and money lines. These wagers enable bettors to make a prediction about the result of a game and win a large amount of money if their predictions are correct.
Money Lines
The listed money lines are the official odds for the game at the time of your bet. They may change slightly during the course of the game.
Totals
Wagers on the total runs scored in a baseball game must be made on the total run count, also called the over/under. The game must go nine innings or eight and a half innings if the home team is ahead for Totals wagers to have action.
Player Props
For wagers on player props, the starting lineup must be available for the first pitch of the game. The game must be officially announced on the moneyline for wagers to have action, unless the extra innings specified in the prop have been reached.
Other Betting Rules
In most states, legal sports betting is regulated by individual state laws. These laws can vary widely from state to state, and it is important to read up on them before making a bet. For example, some states do not allow player props, and others do not allow directional bets. In some states, a direct tie between an online bookmaker and a retail location is required. This helps to legitimize the operation of an online bookmaker and gives players a place to go for help if they experience any problems.