The NFL is the last major American sports league to sign an official betting deal. It announced that three sportsbooks would be its official betting partners. The deal gives sportsbooks access to league data and also allows them to promote their relationship with the NFL. As part of the deal, NFL marketers will tie their brands to on-air and online statistics. The NFL has three years to opt out of the deal. Until then, sportsbooks will be able to bet on their favorite team.
Official betting is the process of distributing betting odds and is used to determine which teams are favored to win. The data that bookmakers use to determine odds is collected from the official websites of leagues and other organizations. This data helps bookmakers calculate odds more accurately and efficiently. It also helps to increase transparency. Using official data can increase the odds of a game, which can help bettors make the right decisions. For example, by sharing betting data with sportsbooks, the NBA is ensuring that their fans will have a better experience.
In addition to these new betting rules, the NFL is working to protect its players from the corruption that can come from the gambling industry. In 2016, the NHL investigated allegations of the wife of an NHL player, Evander Kane, and the NHL investigated the matter. The NHL continues to monitor betting in the sport, and the NFL provides gambling-related training to players. The NFL also employs top-notch monitoring and compliance measures to protect players and the organization.