Iowa Sports Betting Laws

official betting

If you are interested in betting on the outcome of a sporting event, you can place a bet on that outcome with a sports book. The odds on a team winning are determined by the total amount of money that is bet on the team. The more money that is bet on a team, the lower the odds will be. The opposite is true for teams losing. Odds can change constantly during a game. For example, a sports book may increase or decrease the number of players on the underdog side during a game. Also, the money lines for a game will change throughout a game. The money line the time you place your bet may be different from the money line when the game starts. This is because the money line is adjusted to reflect the current betting activity on a team.

“Covered persons” means athletes; umpires, referees, and officials; personnel associated with clubs, teams, and leagues; medical professionals and athletic trainers who provide services to athletes and players; and immediate family members and associates of such individuals. “Prohibited conduct” means any statement, action, or communication that is intended to influence, manipulate, or control a betting outcome of a sports event in exchange for financial gain or to avoid financial or physical harm.

Iowa legalized sports betting in 2019 and offers a variety of sportsbooks. It is permitted to bet on professional and collegiate games and events, although player prop bets in collegiate games are prohibited.