The Rules of Official Betting
Official betting is a type of sports wagering that takes place at licensed bookmakers, typically online. It’s the legal alternative to illegal gambling and is regulated by the states where it is offered. In this article, we’ll take a closer look at the rules surrounding official betting and how they differ from other types of sports wagers.
A state’s governing body must approve any bets that are made on the game, event or team it regulates. While most states allow bets on a wide range of events, some have more restrictive rules than others. For example, New Jersey and Pennsylvania require bettors to be at least 21 years old to place bets. This restriction is intended to prevent minors from placing bets on a game that they could have a serious impact on if they lose.
For bets involving the total of runs scored in a game, the full game must go at least 8.5 innings for bets on over/under markets to have action, unless otherwise specified. Similarly, for first to X-based props, the relevant event must occur before the bet is graded. For player props, the relevant players must both throw at least one pitch (if pitcher) and record at least one plate appearance (if position player) in the designated game for those bets to have action.
Some player and team staff members are prohibited from placing bets on a game, but most in-uniform personnel and league employees are allowed to make official bets. These employees are required to undergo a screening process that includes reviewing any criminal charge(s) or conviction(s) involving gambling or sports wagering.