Sports Betting

Archive for the ‘Sports betting’ Category

• Tote board

  Tuesday, March 10th, 2009

   A tote board is a large, numeric or alphanumeric display used to convey information, typically at a race track (to display the odds or payoffs for each horse) or at a telethon (to display the total amount donated to the charitable organization sponsoring the event).The first tote boards were manufactured for the horse racing industry by the American Totalizator [...]

• Spread betting

  Saturday, February 21st, 2009

  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 [...]

• Point shaving

  Sunday, February 15th, 2009

  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. [...]

• Daily double

  Tuesday, February 10th, 2009

  A daily double is a type of wager offered by horse and dog racing tracks. It requires bettors to select the winners of two consecutive races. Because of the increased diffculty of picking two straight winners, wining daily double bets often pay off at relatively high odds.The daily double was the first so-called “exotic” wager [...]

• Calcutta Auction

  Friday, February 6th, 2009

  A Calcutta Auction is an open auction held in conjunction with a golf tournament, horse race, or similar contest with multiple entrants. It is popular in Backgammon and is currently enjoying rising popularity for NCAA Basketball pools during March Madness.Bidding for each contestant begins in random order, with only one contestant being bid upon at [...]

• Arbitrage betting

  Sunday, February 1st, 2009

  Betting arbitrage is a particular case of arbitrage arising on betting markets due to either bookmakers’ different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor can make a profit.In the bettors’ slang an arbitrage is often referred to as an arb. A typical [...]

• Betting scandals

  Sunday, January 25th, 2009

  Historically, sports betting has been associated with a number of unsavory characters, which has a lot to do with its desultory legal treatment throughout the world. Organized crime notoriously has relied upon sports betting for money laundering or funding purposes. The corruption or threat of a boxer to take a dive at the x round [...]

• Bookmaking

  Tuesday, January 20th, 2009

  Most people believe that bookmakers attempt to “balance” their action, by adjusting their prices so that they get the same amount of money on both sides of a game. Theoretically, the bookmaker’s only financial interest in the bets it accepts is the vigorish it takes from losing wagers, and it simply wants to ensure that [...]

• Types of bets

  Tuesday, January 13th, 2009

  Aside from simple wagers–betting a friend that one’s favorite baseball team will win its division, for instance, or buying a football “square” for the Super Bowl–sports betting is commonly done through a bookmaker. Legal sports bookmakers exist throughout the world (perhaps most notably in Las Vegas). In areas where sports betting is illegal, bettors usually [...]

• Sports betting

  Sunday, September 21st, 2008

  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 [...]