What Is Official Betting?

Official betting refers to sports wagering that is legal in most jurisdictions and is regulated by a local government. It is considered the most secure form of betting, since it requires players to place their bets through a licensed sportsbook.

Bettors can choose from a variety of bet types for the games they want to watch, including money lines, spreads, totals and parlays. Many online bookmakers also offer live streaming of games, which can be a convenient way to get in on the action.

Betting on sports can be an exciting and rewarding experience, but it is important to know how the odds work before placing a bet. Here are some tips to help you make the most of your bets:

A money line is the price a bookmaker is willing to pay for each team’s win, loss or draw. It changes constantly, so it’s important to check the money line before you place a bet.

In baseball, a “money line” is based on a team’s starting pitcher. If a player’s name is listed on the ticket, he or she must start in the game for wagers to have action.

Money lines are a popular bet type in football, hockey and basketball. They are usually more expensive than the favorite’s point spread, but offer a higher payout in the event of a win.

The Total: A wager on the total runs scored in a game is called an over/under bet. In baseball, the game must go at least nine innings (8.5 if the home team is ahead) for over/under wagers to have action.