|
Betting Pool
A betting pool, syndicate, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by Lottery, lotteries, where gamblers pay a fixed price into a ''pool'' (from which taxes and a house Vigorish, "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. (True parimutuel betting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.) Betting pools are not connected only to sports, as there are topics such as deaths and births which people can bet on. Death pools usually involve well-known individuals, such as celebrities and sports figures, which the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
College Football
College football (french: Football universitaire) refers to gridiron football played by teams of student athletes. It was through college football play that American football rules first gained popularity in the United States. Unlike most other sports in North America, no official minor league farm organizations exist in American or Canadian football. Therefore, college football is generally considered to be the second tier of American and Canadian football; one step ahead of high school competition, and one step below professional competition (the NFL). In some areas of the US, especially the South and the Midwest, college football is more popular than professional football, and for much of the 20th century college football was seen as more prestigious. A player's performance in college football directly impacts his chances of playing professional football. The best collegiate players will typically declare for the professional draft after three to four years of colleg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling Games
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environme ... (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting Systems
Sports betting systems are sets of events that when combined for a particular game for a particular sport represent a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. Systems supposedly allow the gambler to have an edge or an advantage. Sportsbooks use systems in their analysis to set more accurate odds. Therefore, the novice gambler may believe that using a system will always work, but it is the general consensus that at some point the oddsmakers will have adjusted for the system to make it no longer profitable. Very short-lived systems are called trends. Any single event that estimates a selection to have a higher likelihood of winning is called an angle as they are meant to be used in conjunction with other angles and trends to produce systems. Overview Systems can be deceiving. Any sample space can be constrained enough with meaningless criteria to create the illusion of a profitable betting syste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Betting
Financial betting refers to the wagering on the price development of a financial instrument at some later date relative to the current price or level of the instrument, against odds offered by a bookmaker. Maximum potential pay-off of the wager is known when the bet is taken and as a corollary risk is known beforehand by being limited to the initial stake. Financial betting instruments are a type of digital option. The outcome of the wager at settlement is binary, that is, either a win or a loss. Settlement is executed in cash and there is no delivery of the underlying asset. At any point in time prior to the settlement date bets can often be sold, allowing for possibilities to bet on the accuracy of a market move within the fixed limits of zero win (loss of the stake) and maximum potential win. A fee might sometimes be charged for this service. The main difference between financial betting and speculation on financial markets using products such as financial spread betting is tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed-odds Betting
Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange. It involves betting on an event in which there is no fluctuation on the payout. In Australia, the practice is usually known as "SP betting". Calculating fixed odds It is customary with fixed-odds gambling to know the odds at the time of the placement of the wager (the "live price"), but the category also includes wagers whose price is determined only when the race or game starts (the " starting prices"). It is ideal for bookmakers to price/mark up a book such that the net outcome will always be in their favour: the sum of the probabilities quoted for all possible outcomes will be in excess of 100%. The excess over 100% (or overround) represents profit to the bookmaker in the event of a balanced/even book. In the more usual case of an imbalanced book, the bookmaker may have to pay out more winnings than what is staked or may earn more than mathematically expected. An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tote Betting
The Tote is a British gambling company which is the largest pool betting operator in the United Kingdom. Headquartered in Wigan, England, its main products are sports betting and online casino. Founded in 1928, the company was owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was later sold to UK Tote Group in October 2019 for £115m. The Tote has retail outlets on most of Great Britain's 60 racecourses, as well as an online division. Under the brand totesport, the Tote previously owned 514 high street betting shops. These were rebranded to Betfred as part of the sale in 2011. Terminology As other bookmakers can offer similar gambling services it is necessary to disambiguate the bets. A bookmaker win-only bet (on-the-nose) isn't the same as a Tote Win bet, as the bookmaker is offering fixed odds for that particular outcome, while the Tote is a dividend paid out from the betting pool. The betting pool is generated from individuals placing m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arbitrage Betting
Betting arbitrage ("sure bets", sports arbitrage) is an example of arbitrage arising on betting markets due to either bookmakers' differing opinions on event outcomes or errors. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome. Mathematically, arbitrage occurs when there are a set of odds, which represent all mutually exclusive outcomes that cover all state space possibilities (i.e. all outcomes) of an event, whose implied probabilities add up to less than 1. In the bettors' slang an arbitrage is often referred to as an arb; people who take advantage of these arbitrage opportunities are called arbers. Background Arbitrage betting involves relatively large sums of money, given that 98% of arbitrage opportunities return less than 1.2%. The practice is usually detected quickly by bookmakers, who typically hold an unfavorable view of it, and in the past this could result in half of an a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sport Select
Sport Select is a group of sports betting games offered by Canada's lottery corporations. In Quebec, the program is known as Pari sportif; in Ontario and Atlantic Canada, it is known as Pro-Line while in British Columbia, it is known as Sports Action. However, the rules for the games are similar in all provinces. Initially created to offer betting primarily on the North American major professional sports leagues, Sport Select has expanded to offer betting on competitions such as the English Premier League and college sports. Sport Select (or equivalent) tickets are sold across Canada, through Atlantic Lottery Corporation, Loto-Québec, Ontario Lottery and Gaming Corporation, Western Canada Lottery Corporation, and British Columbia Lottery Corporation. In addition, some provinces are now accepting wagers over the Internet. Sport Select games Each province offers versions of these three games under rules similar to those described below: Pro-Line Known as Oddset in British Col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Totalisator
The American Totalisator Company, known today as AmTote International (often referred to as AmTote), specializes in totalisator equipment used to control parimutuel betting at horse racing, greyhound racing, and jai-alai facilities. The company was founded by Harry L. Straus, a computer engineer from Baltimore whose interest in a fairer system of calculating and displaying odds and payouts on parimutuel betting came after an incident in 1927 at a Maryland racetrack, when a horse listed at 12:1 odds won, but paid off at 4:1. Straus began developing his machine, the totalisator or “tote board” out of telephone relays in 1928. Straus' new company installed its first equipment at Pimlico Race Course in Baltimore, Maryland, which displayed odds and payouts on illuminated boards, now known as "tote boards". In 1933, American Totalisator installed its first complete electro-mechanical tote system at Arlington Park in Arlington Heights, Illinois. The Strauss patents 2,179,698 issued 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hollywoodbets
Hollywoodbets is a sports betting company based in South Africa. It is also known as Hollywood Sportsbook. It currently operates in South Africa, Mozambique, Ireland and the United Kingdom. The company offers betting via its website, mobisite, call centre, and USSD. It has retail branches in South Africa and Mozambique. Hollywoodbets offers betting on horse racing, football/soccer, cricket, rugby, tennis, motorsport and more. Hollywoodbets offers over 1775 Lucky Numbers draws a week to bet on (fixed odds betting on lotto draws). Other products offered include Betgames Africa, Ezugi, Evolution, Live Instant Win, Jika Sports, Golden Race, and Spina Zonke (slots). Hollywoodbets was ranked number 8 on the list of the ''Top 50 Gaming Sites Worldwide'' published by iGaming Business Magazine in March 2019. Etymology Hollywoodbets’ name was inspired by the race track Hollywood Park Racetrack in Los Angeles, USA. History Hollywoodbets originally started in 1986 as a small South A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
