With sports betting becoming increasingly legal, both dedicated bettors and the everyday fans are looking for the best place to bet on their favorite team or event. There are a lot of options out there, but some are better than others for different reasons. Here’s a guide to help you find the right one for you.
The Supreme Court overturned a federal ban on sports gambling in 2018, leaving the decision up to individual states to decide how to regulate and operate the practice. Since then, we have seen an explosion of sports betting apps launch across the country, with many of them promising to be the most official and secure places to place your wagers.
In order to be considered an official betting partner, a bookmaker must comply with certain regulations established by the Board. These regulations include:
The term “official betting” refers to a bookmaker’s ability to accept bets on all events covered by the law in its jurisdiction, regardless of whether those bets are placed in-person or online. The terms also include a prohibition on placing bets on college sports events in which a Virginia public or private institution of higher education is a participant and on player prop bets. The regulations also prohibit a permit holder from paying any person, including an employee, to provide inside information that could be used for betting purposes. This includes offering, soliciting, or accepting a bribe to fix an event or providing any other benefit that could be used for betting purposes.