While there are many misconceptions about sports betting, it’s actually a legal activity. While it’s not illegal, sports betting has become a huge moneymaker for sports leagues and sportsbook operators. In some states, such as Delaware, sportsbooks are not regulated by state government, and some do not allow bettors to wager on college games. Other states have laws that prevent sportsbooks from accepting bets on certain sports.
Several states are trying to legalize sports betting. Some have made good progress, while others have yet to make any decisions. In Ohio, Governor Mike DeWine signed legislation legalizing sports betting on December 22, 2021. Sports betting will be available on mobile devices by January 1, 2023. In Missouri, lawmakers have been trying to decide whether or not to allow sports betting. On September 1, they were unable to come to a decision. However, they have reopened the session to vote on legalizing sports betting.
There are many different types of sports bets. The most common type is an over/under bet, which involves betting on whether or not a game will go over a specified number. For example, a Los Angeles pro football team closed as a three-point favorite against New England and won 30-27. In this case, all bets placed on the spread were returned. A sports book’s total handle is the money they take in from all types of bets.