Official betting is a type of wagering that takes place at a regulated sportsbook. It includes a variety of wagers, such as money lines, totals and parlays. It also includes specialty wagers, such as prop bets. The best online sportsbooks feature a wide selection of bets and innovative promotions and marketing strategies to keep customers coming back.

In 2021, Oregon became the first state to legalize sports betting, allowing residents to place wagers on professional and college games. The Oregon sportsbook market has since expanded to include a massive catalog of college and pro games to bet on. However, the state’s law bans bets on single games involving in-state colleges, and it bars players from placing player prop bets on their own teams.

MLB is committed to ensuring fans who choose to wager have the resources they need to do so responsibly. To this end, the league is a partner in the American Gaming Association’s Have A Game Plan. Bet Responsibly public service campaign and has a comprehensive responsible gambling initiative.

While betting on your own team can have advantages, it’s important to remove bias from the equation and consider all the possible outcomes. Then you can place your bets based on the most accurate information available.

Postseason officials undergo a rigorous screening process for gambling and sports wagering, and any criminal charges or convictions with elements of deception (identity theft, fraud, forgery, uttering and embezzlement) are flagged. They must also sign a statement acknowledging league rules on gambling, as spelled out in the CBA.