Sports’ betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet vary from place to place, with the vast majority of bets being placed on association football, 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 dog fighting.
Sports betters place their wagers either legally, through a bookmaker/Sports book, or illegally through privately run enterprises referred to as “bookies”. The term “book” is a reference used by wage brokers to track wagers, payouts and debts. Continue reading