Official betting refers to a type of sports wagering in which all outcomes have a fixed odds. This makes it possible to place wagers on a wide range of sports events.
In football, official betting can be found on the moneyline, spread and over/under, as well as props involving statistical totals. For props based on first to X-based statistics, such as total bases, the game must be played for at least 8.5 innings and for Player Props, a team must have the lead or be ahead of its opponent for wagers to have action.
NASCAR is one of the most popular sports in the country and offers a wealth of betting options. We collaborated with NASCAR to develop a bespoke, official sportsbook product that allows sportsbooks across the US, from Authorized Gaming Partners BetMGM, WynnBET, Fubo, Penn National and FanDuel, to create bespoke head-to-head betting markets for their customers before every event.
Betting on NFL games is also common, with most top online sportsbooks offering extensive lines on the league. The NFL is the largest sport in the country and Sundays are by far the most popular day of the week for bettors.
In 1919, eight members of the Chicago White Sox were paid a bribe of around $10,000 each to fix the World Series against the Cincinnati Reds. This was the biggest sports scandal of its time and paved the way for modern-day laws governing sports betting.
The FIFA code of ethics prohibits anyone involved in a football match or competition from placing a bet on that event or competition, including individuals in a position to influence the outcome of the game, such as coaches/managers and tournament officials. This rule also applies to players who are a part of a national football team, but only for the specific match in which they are participating.