What is Official Betting?

Official betting is a type of sports wagering that involves official game odds. There are a few different types of official betting, including straight bets and parlays. The most popular is wagering on a team to win a game. These bets are typically priced at a higher amount than other bet types, and they can be riskier to place. Some other popular official betting options include money lines, totals, and exactas. For example, an exacta is a bet that calls for picking the winners of two consecutive races in exact order. These bets are available at many sportsbooks and come with lucrative payouts. The best official betting sites also often offer merch giveaways to attract new players. They often mail these prizes a few weeks after a player’s bet settles.