Sports betting is the act of putting money behind an outcome of your choice, and being paid if that outcome is achieved. Bets can be made on a single team or player, an entire match/tournament/event, or multiple outcomes in a single bet, known as a parlay.
When betting on sports, it is important to know the rules of the game and the different markets you can place bets on. Understanding the rules can help you avoid making costly mistakes and maximize your potential winnings. In this article, we’ll cover some of the most important sports betting rules you should know before placing your first bet.
All bets are settled based on the final result as outlined by official governing bodies. This includes any amendments to the final league tables such as points dedications. In the case of outright bets on league or tournament winners, the winner is determined as the team who immediately lifts the trophy in the final round and any changes after this point will not affect the market. In the case of goalscorer markets, any own goals will be classed as a loss.
In the event of a match being abandoned, all bets will be void and stakes returned unless they have already been settled. This applies to all markets including ‘first goal scorer’ and totals markets. Bets that have been placed on games which are postponed will be void unless they are rescheduled for play within 24 hours of the original scheduled start time.
When betting on NBA games, it is important to remember that you should only bet on teams that you are familiar with and understand well. This will help you keep your emotions in check and avoid making emotional bets that could cost you a lot of money. Additionally, be sure to research the players and team you are betting on so that you can make an informed decision. For example, if you are betting on an NBA team that you support, be sure to analyze their recent performances and find out what the odds are for them to win a specific game.