Official betting is the act of placing a bet on a professional sporting event or league. This is a type of gambling that is regulated by the laws of most countries, but not criminalized.
Almost all Major League Baseball games are now officially broadcast, and most sports books offer an array of MLB wagering options. Some sportsbooks even offer in-play MLB betting.
Some clubs in states with legal sports betting also have sponsorship agreements with bookmakers. The NHL, for example, has partnerships with William Hill and MGM Resorts International.
The UFC has signed a deal with DraftKings, which gives the sportsbook access to the organization’s logo and in-game promotions. The NFL and NBA have also signed deals with the sportsbook to offer in-play wagering.
Sportsbooks that offer wagers on baseball have the advantage of being an official gaming partner with MLB. This gives them access to official data and logos for games and allows for live MLB streaming.
There are many different types of official betting markets, including props and futures. Some are based on statistical totals, while others depend on specific players and teams.
Player markets are settled when the game is final and a specific statistic has been readily available on the league’s official website or by a reputable statistical provider. For markets that are based on other statistics, such as team record and scoring, they are settled when the necessary statistical results are available from these sources.