Official betting refers to wagering on sports events that have been sanctioned by the sport’s governing body, such as the NFL and MLB. This type of wagering is legal and can be a profitable strategy if done correctly. However, there are some important factors to consider before making a bet. The first step is to understand the rules of the game and the betting process. Also, be sure to avoid illegal activities such as match-fixing, which is a major violation of the sports gambling code of conduct. Attempting to bribe or accept a bribe to fix a sporting event, or soliciting such a bet, is illegal in all countries and can result in serious criminal charges.
Since the US Supreme Court overturned PASPA, leagues have fought for a larger role in shaping state and federal sports betting policy. They’re intent on profiting from US sports betting — ideally via direct data monetization. Short of that, they’re pushing for official data mandates — the latest salvo in their quest to shape US betting policy.
A key challenge to the official data model is determining how much the leagues’ data is worth in the marketplace. As the legal sports betting market grows, operators and bettors will ultimately dictate how much value is placed on this data. Until then, the American Gaming Association supports private commercial agreements rather than legislative mandates.