Official Betting is the practice of betting on a sporting event and wagering on it in a legal and regulated manner. It is regulated by state and local governments to ensure that games are fair, bets are honored, customers’ funds are secure and that there are legal protections for consumers.

In New York, official betting is allowed at licensed and regulated sportsbooks and casinos located in the state. These sites accept deposits and withdrawals using a variety of payment methods. They also offer a range of bonuses for customers.

Some of these bonuses are risk-free bets and deposit match offers. Others include free play or a bonus on your first bet.

Money lines, point spreads and totals are the most popular types of wagers in the NFL. They focus on the short-term and specific matchups. However, futures bets are more focused on longer-term events and outcomes.

Bettors can also place wagers on live, or in-play, matches. These bets are incredibly popular in the NFL because they allow bettors to bet on game-changing events that occur during the course of a game.

The National Football League is a very live product due to the frequent stoppages of play and the fact that the game is broadcast live on television. During these stoppages, bettors can place in-play bets to try to ride the game’s momentum.

The National Basketball Association and NHL are also thriving markets for official betting. These sports teams have partnered with iGaming companies to provide online and mobile sports betting options. These services allow fans to bet on their favorite team and get in on the action without having to leave home.