Sports betting can be confusing for those new to the game. It’s important to understand the terms and rules before placing your first bet.

One of the most common concerns is how to read and interpret betting odds. While they can be intimidating, understanding them will help you make smarter wagers and increase your chances of winning.

In order to bet on NBA games, you must sign up for a betting account with a licensed sportsbook. You can do this in person or online through a website or mobile app.

The NBA does not prohibit gambling, and players and those working for the league can place bets on non-NBA events. However, the NBA does ban any bets that relate to their own team or competition. This includes any bets that would result in a profit if the player were to win (such as Super Bowl squares, NCAA tournament brackets or fantasy basketball).

MLB players are also banned from betting on their own team’s games. This ban is in place to prevent any bribes or other illegal activities related to fixing a game. These activities include seeking, offering or accepting a bribe to fix a game and providing any inside information that could be used for betting purposes.

The NHL does not explicitly prohibit sports gambling, but it does have a rule that states: “Gambling on any NHL game is prohibited.” The rule is posted in every dressing room around the league and in the constitution of the NHL.