What does sports betting mean?

Definitions for sports betting
sports bet·ting

Here are all the possible meanings and translations of the word sports betting.

Wikipedia

  1. Sports betting

    Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and illegal, underground cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammys, the Oscars, and the Emmy Awards. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises. The term "book" is a reference to the books used by wagebrokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Illegal bookies, due to the nature of their business, can operate anywhere but only require money from losing bettors and don't require the wagered money up front, creating the possibility of debt to the bookie from the bettor. This creates a number of other criminal elements, thus furthering their illegality. Sports betting has resulted in a number of scandals in sport, affecting the integrity of sports events through various acts including point shaving (players affecting the score by missing shots), spot-fixing (a player action is fixed), bad calls from officials at key moments, and overall match fixing (the overall result of the event is fixed). Examples include the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy. One of the biggest scandals of all involves the 2002 NBA Championship games. Tim Donaghy was allegedly gambling on the spreads for the games that he refereed. After his trial, Tim Donaghy went on to release a statement to the public saying how one of the most controversial games in NBA history, Game six of the 2002 NBA Western Conference finals, was rigged.

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Numerology

  1. Chaldean Numerology

    The numerical value of sports betting in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of sports betting in Pythagorean Numerology is: 4

Examples of sports betting in a Sentence

  1. Marisa Lankester:

    It kind of ticks me off. Twenty-four hours ago, sports betting was illegal, now it’s like whatever.

  2. Marisa Lankester:

    I never understood why it was illegal in the first place, it kind of ticks me off. Twenty-four hours ago, sports betting was illegal, now it’s like whatever.

  3. Caesars CEO Tom Reeg:

    This is the first integrated sports book in a physical stadium in the country, so this is the new paradigm, this is where (sports betting is) going.

  4. Dave Schwartz:

    I do n’t think sports betting in other states is a huge concern for Las Vegas because, first of all, it’s only about 2 percent of total gaming revenue.

  5. Niall Connell:

    We're trying to build the most engaging and entertaining sports betting experience in the U.S..

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