The Basics of Official Betting

Official betting is any market where the result of a game, match, or event will be determined by the official governing body. This includes the outcome of overtime scores. Postponed games will see bets voided unless they are replayed within 24 hours of the original start time.

There are some exceptions to this rule, though. For example, outright/tournament winner markets will payout based on the team that finishes first in the league table. This is regardless of any amendments to the table, such as points dedications. Likewise, any team name changes or relocations won’t affect these markets.

Another common exception is the use of a second account by an individual. This is known as “double-betting,” and it’s forbidden by DraftKings. If they detect this activity, they may suspend both accounts and run an investigation. If they deem that you are double-betting as part of an attempt to fix a bet, then they will void any winnings, withdraw funds from your account, remove both accounts, and ban you from the site permanently.

Sports betting is a fast-growing industry, but there are still many elements that aren’t fully understood by casual fans and even some “sharps,” as the more experienced gamblers are called. To help you understand the rules of official betting, we’ve compiled this article to cover the most important points.