Wagering Wagering 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"
BETDAQ is a betting exchange founded in the Republic of Ireland by the businessman Dermot Desmond. It currently has offices in Ireland and the United Kingdom. ...more on Wikipedia about "BETDAQ"
Betfair is the world's leading Internet bet exchange. It is based in the borough of Hammersmith and Fulham in London, England. ...more on Wikipedia about "Betfair"
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"
Centrebet is an Australian bookmaker based in Alice Springs, Northern Territory. ...more on Wikipedia about "Centrebet"
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"
In gambling a Dutch book or lock is a set of odds and bets which guarantees a profit, no matter what the outcome of the gamble. It is associated with probabilities implied by the odds not being coherent. ...more on Wikipedia about "Dutch book" shortopedia moments.
An Exacta is a type of bet placed in horse racing which requires the bettor to select the 1st and 2nd place finishers of the race in the correct order. ...more on Wikipedia about "Exacta"
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"
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"
Gamblers Anonymous is an international organization of people who share their experience with others to solve their common problems and help others to recover from a gambling problem. ...more on Wikipedia about "Gamblers Anonymous"
iBetX is a bonded person-to-person betting exchange. It handles action on both UK and US horse racing and other sports such as NFL, NHL and baseball. ...more on Wikipedia about "IBetX"
Ladbrokes, part of Hilton Group plc, is the second-largest chain of betting shops in the United Kingdom, after William Hill plc. ...more on Wikipedia about "Ladbrokes"
Leroy's Horse & Sports Place also known as Leroy's Race and Sport Book or simply Leroy's is the largest operator of sports books in Nevada. Based in Las Vegas, Leroy's is a subsidary of American Wagering (OTCBB:BETM.OB) operating over 60 race and sports books across Nevada. ...more on Wikipedia about "Leroy's Horse & Sports Place"
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"
Money management deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function? ...more on Wikipedia about "Money management"
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"
In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. The logarithm of the odds is the logit of the probability. ...more on Wikipedia about "Odds"
Off track betting (or OTB) refers to sanctioned wagering on horse racing outside of a race track. ...more on Wikipedia about "Off track betting"
An over-under or over/under bet is any kind of wager made in which a sportsbook will predict a number for a statistic in a given game (usually the combined score of the two teams), and then bettors will either bet that the actual number in the game will be either higher or lower than that number. For example, in Super Bowl XXXIX, most Las Vegas casinos set the over-under for the score of the game at 46.0. A bettor could bet that the combined score of the two teams would be either over or under that number (as it happened, the combined score was 45, so a person that had bet the under would have won). ...more on Wikipedia about "Over-under"
Paddy Power is a publically quoted chain of betting shops in Ireland. Listed on the Irish Stock Exchange and London Stock Exchange, the firm is valued at more than €1 billion and is continuing to grow rapidly. Its turnover increased 36% to €913.6m in 2003, helped by the continued push into online betting and expansion into the UK. The company currently has 140 shops, a telephone service, an online service, a wap service and an Interactive TV Service. ...more on Wikipedia about "Paddy Power"
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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"
Starting price or SP bookmaking literally refers to taking bets at fixed odds, i.e. a fixed starting price, as opposed to the totalisator model of betting. This form of gambling was only legal in Australia for bookmakers operating on the course or racetrack, and so a large telephone based SP bookmaking industry started, leading to the term SP bookie becoming synonymous with a criminal bookmaker operating off-course in competition with the authorized on-course bookmakers and the totalisator (or tote). SP quickly became a large area of vice, intimately associated with police corruption and racetrack rigging. Several Royal Commissions investigated the practice, and there were many attempts to eradicate it. It is unclear the extent to which it still occurs. ...more on Wikipedia about "SP bookmaking"
Sportingbet PLC is one of the world's largest egaming operators. Traded on the London Stock Exchange's Alternative Investment Market (AIM) (symbol: SBT.L), as of 2006 Sportingbet had a market capitalization in excess of US$2.2 billion. ...more on Wikipedia about "Sportingbet" Can you feel it? http://www.shortopedia.com. Wagering
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