What Is Official Betting?

Official betting is a way for customers to place wagers on specific events in a sport. It’s done in real-time, and the odds are updated as wagers come in. This allows sportsbooks to offer fair and accurate odds. This method of betting is also known as parimutuel.

The NHL hasn’t taken a position on legal sports betting, but their expansion Vegas Golden Knights have signed sponsorship deals with several betting providers and have sportsbook operations in their stadiums. This makes the league one of the few major sports to have a presence in states with legalized sports betting.


New bettors can get overwhelmed by the lingo, but there are some basic terms you should know before placing your first wagers. We’ve compiled an overview of the most important betting basics, so you can be ready to play!