The Rules of Official Betting

For sports bettors, the Kentucky Derby is one of the most important events of the year. Just like the Super Bowl and March Madness, the Derby is a major sporting event that attracts bettors from all over the country. Whether you’re betting on the Kentucky Derby or any other sports event, it is important to understand the rules of official betting.

A permit holder shall not offer or accept any bet that violates the code of conduct of any national or international sports governing body or law-enforcement agency, including but not limited to: a) Seeking, offering, accepting, or agreeing to accept a bribe to fix a match or an event within a match; b) Betting on a match or on an event within a match; and c) Misuse of inside information that could reasonably be used for betting purposes. SS 58.1-4044.

Baseball teams experience a lot of shortened and suspended games throughout the season because of weather. For bets to pay, a game must be officially designated as “official” for betting purposes after a full five innings of play or 4.5 innings if the home team is leading. Most money line bets have action if the game lasts at least this long. For over/under bets, the entire scheduled game must be played and go at least 8.5 innings for bets to have action. If a pitching change occurs, the over/under will be void. Also, if the game is rained out during an inning, all wagers are void.