Official betting is a type of wager where the odds on an event or team are determined by data provided by a sports governing body, such as statistical information. This is in contrast to traditional parimutuel wagering, where the odds on an outcome are determined by the amount of money bet on it.
As legalized sports betting continues to expand across the country, both dedicated bettors and everyday fans alike are looking for the best online betting sites and apps that offer a wide variety of sports betting options. From major leagues like the NFL and NHL to regional and minor league teams, there are a variety of markets to choose from.
While the SCOTUS ruling opened the door for more states to introduce sports betting, many still have strict rules in place and do not allow for bets on certain events. For example, an individual involved with a national baseball team cannot bet on any MLB game while an employee of an outdoor motor sports facility that hosts a NASCAR race cannot bet on any NASCAR event at that venue.
Some states have taken a slower approach to legalizing sports betting, but are slowly catching up. For instance, New Hampshire passed legislation and launched retail and online sportsbooks in 2019 with DraftKings operating the lone retail shop. New Jersey is another state that jumped right in after the ruling and now has both retail and online sportsbooks, with sportsbook operators such as Caesars and DraftKings offering both in-person and mobile wagering in the state.