The term official betting refers to bets that are settled based on the final result as dictated by the rules set forth by the governing body of the sport. This includes the podium position in a motor race, medal ceremony in athletics and other similar events. Any bet that is not deemed to have met these standards will be void and the bet will be rolled over into the next available event on the betting menu. It is always best to research sportsbooks before placing bets to find the one that meets your needs. User reviews are a good place to start, but they should be taken with a grain of salt. What one person considers a negative, another may not.

Any player or employee of any NBA team or league (including summer league teams, WNBA, Basketball Africa League and the NBA2K League) is prohibited from betting on any game played by their team. They also are prohibited from placing bets while at their team’s or league facilities. They must sign a statement acknowledging league rules against gambling as part of their contract.

Any player or member of a coaching staff who intentionally tankes a game or asks a teammate to lose on purpose also is banned from betting. The NBA collaborates with regulators, sportsbooks and independent integrity monitors to enforce the rules and monitor betting activity. People who violate the rule face fines and/or indefinite suspensions. Some have even been permanently removed from the Hall of Fame, including former Detroit Lions receiver Quintez Cephus and Cleveland Indians catcher C.J. Moore.