Sports betting Sports betting A betting exchange or p2p gambling website is a fairly recent Internet phenomenon, and is used to describe a website acting as a broker between parties for the placement of bets ( gambling, in other words). The concept is similar to that of a stock exchange or a futures exchange, where in this case the commodity being traded is a bet, rather than a stock or futures contract. Most betting on a betting exchange is a form of fixed odds gambling. ...more on Wikipedia about "Bet exchange"
A bookmaker, bookie or turf accountant, is an organisation or a person that takes bets and may pay winnings depending upon results and, depending on the nature of the bet, the odds. Bookmaking may be legal or illegal, and may be regulated; in the United Kingdom it was at times both regulated and illegal, in that licences were required but no debts arising from gambling could be enforced through the courts. Bookmaking is generally illegal in the United States, with Nevada being a notable exception. ...more on Wikipedia about "Bookmaker"
Decimal odds, sometimes called European odds or continental odds, are a way to display and work with odds. It allows easy comparison with other odds with a simple glance. This format is widely used in Europe, Canada, and Australia. Decimal odds are also favoured by betting exchanges because they are the easiest to work with for trading. ...more on Wikipedia about "Decimal odds"
Fixed-odds gambling is a form of gambling against odds offered by a bookmaker, an individual, or on a bet exchange. ...more on Wikipedia about "Fixed-odds gambling"
Football pools, often referred to as "The Pools", are competitions based on predicting the outcome of association football matches set to take place in the coming week. ...more on Wikipedia about "Football pools"
Fractional odds, sometimes called UK odds, British odds, or (in the UK) traditional odds are represented as a fractional number, hence the name fractional odds. This format is widely used in the UK. In Australia, fractional odds are traditionally offered by on-course bookmakers, however some bookmakers and most off-course betting agencies now use decimal odds. ...more on Wikipedia about "Fractional odds"
The money line is a common form of sports betting. Unlike a spread bet, a bettor will simply pick one of the two teams to win a particular game, matchup, or tournament; and receive odds based upon how favored or unfavored they were to win. ...more on Wikipedia about "Money line"
Moneyline odds are favoured by American bookmakers so they are often referred to as American odds. Moneyline odds are shown either as a positive or a negative number and usually with a currency symbol. It is safe to ignore the currency symbol as it plays no part in the calculation. ...more on Wikipedia about "Moneyline odds"
Parimutuel betting (from the French language: pari mutuel, mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets. ...more on Wikipedia about "Parimutuel betting"
Point shaving, in organized sports, is a type of match fixing where the perpetrators try to prevent a team from covering a published point spread. Unlike other forms of match fixing, sports betting invariably motivates point shaving. A point shaving scheme generally involves a sports gambler and one or more players of a sports team. In exchange for a bribe, the player or players agree to ensure that their team will not cover the point spread. The gambler then wagers against that team. ...more on Wikipedia about "Point shaving"
Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. In North America, for example, sports gambling is generally forbidden, while in many European nations, bookmaking (the profession of accepting sports wagers) is regarded as an honorable occupation and, while highly regulated, is not criminalized. Proponents of legalized sports betting generally regard it as a hobby for sports fans that increases their interest in particular sporting events, thus benefitting the leagues, teams and players they bet on through higher attendances and television audiences. Opponents fear that, over and above the general ramifications of gambling, it threatens the integrity of amateur and professional sport, the history of which includes numerous attempts by sports gamblers to fix matches, although proponents counter that legitimate bookmakers will invariably fight corruption just as fiercely as governing bodies and law enforcement do. ...more on Wikipedia about "Sports betting"
A sportsbook (sometimes abbreviated as book) or a race and sports book is a place where a gambler can wager on various sports competitions, including as football, basketball, baseball, hockey, soccer, horse racing and boxing. The method of betting varies with the sport and the type of game. The more prominent the event, the more wagering options that are made available. ...more on Wikipedia about "Sportsbook"
Spread betting is a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost. A bet is made against a 'spread' (or index), on whether the outcome will be above or below the spread. The amount won or lost depends on the level of the index at the end of the event. The spread represents the index firms' margin. ...more on Wikipedia about "Spread betting"
In American horse racing terminology, a trifecta is an exotic parimutuel bet in which the bettor must predict which horses will finish first, second, and third in exact order. ...more on Wikipedia about "Trifecta"
Vernons Fortune House, Aintree, Merseyside is a United Kingdom company, based in Liverpool. It was founded in 1925 and until the intervention of the National Lottery, concetrated on Football pools. It is a subsiduary of Ladbrokes. ...more on Wikipedia about "Vernons"
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