Official betting is a term that refers to bets placed on sports events based on official data from a governing body. This type of betting is regulated by state law and has several benefits for both bettors and bookmakers. These benefits include reduced risk of fraud and increased transparency for customers.
In addition to being able to place bets on events that are officially sanctioned by a sport’s governing body, bettors can also take advantage of the boosted odds offered by official betting providers. This is because the official streams often have a few seconds delay, which gives bettors time to assess the game and upcoming scenes before making their selections.
A number of states have made it legal to bet on pro and college sports. In Iowa, for example, sports betting is available online and in person. The state’s legalization of sports gambling was completed in 2019. However, betting on collegiate games, including player prop bets, is prohibited.
The prohibition on wagering on college sports in the state is largely focused on individuals who have an association with clubs at the lower levels of men’s or women’s league systems and match officials that are at FA Level 4 or below. This includes club staff members, such as coaches and managers; team and league officials; medical professionals; and the immediate family and associates of such persons. The prohibition does not, however, apply to wagers on a specific game or event in a multigame event.