Official betting is a type of wager that is settled based on the results of an event or competition from the governing body. This includes league and tournament markets. For example, if you place an outright bet on the winner of the Championships, your bet will be settled based on the official league table after all games have been played and any points dedications have been made. Likewise, bets on cup competitions will be paid out based on the team that immediately lifts the trophy.

In order to prevent match-fixing, a number of rules have been set up to make sure that all bets are placed fairly. For example, players are banned from placing bets while at their club or league facilities. Those found in violation of these rules may face a suspension. This is because the integrity of the game is the most important aspect of any sportsbook.

There are also a few other rules that apply to specific events or types of bets. For example, all bets on ice hockey will include overtime and shootouts in the totals. In addition, bets on boxing fights will only be settled if the full allocation of rounds is completed. This is because betting on correlated events, or bets where the outcome of one event contributes to that of another, is not permitted. This is in part because it can lead to inaccurate odds. This is why it’s important to understand how each sport operates and the rules that are in place for each type of bet.