Sports betting is the activity of predicting sports results and putting a wager on the result. The frequency of sports bet upon varies by culture, with the huge majority of bets being placed on association football, American football, baseball, basketball, hockey, track cycling, car racing, mixed martial arts, and boxing in both the amateur and professional degrees. Sports gambling also can extend to non-athletic events, such as fact show contests and political elections, and extra-curricular competitions like horse racing, greyhound racing, and illegal, underground cockfighting. It is not unusual for sports betting websites to offer wagers for entertainment events like the Grammys, the Oscars, and the Emmy Awards.
Sports bettors place their wagers either lawfully, 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, as well as trades. Many legal sportsbooks are located online, operated over the Web from authorities separate from the customers they serve, usually to get around various gambling laws (like the Unlawful Internet Gambling Enforcement Act of 2006 in the USA ) in select markets, including Las Vegas, Nevada, or even on gambling cruises through self-serve kiosks. They accept bets”up-front”, meaning that the bettor has to pay the sportsbook before placing the wager. Illegal bookies, on account of the character of their business, can operate anywhere but only need cash from losing bettors and do not need the wagered money up front, creating the possibility of debt to the bookie in the bettor. This produces a number of other criminal elements, thereby bettering their illegality.
Sports gambling has caused several of scandals in sport, affecting the integrity of sports events through various acts including point shaving (players influencing the score by missing shots), spot-fixing (a participant activity is fixed), poor calls from officials at key moments, and overall match fixing (the total consequence of the event is adjusted ). Examples include the 1919 World Series, the alleged (and later confessed ) illegal gaming of former MLB player Pete Rose, and former NBA referee Tim Donaghy. Among the biggest scandals of involves the 2002 NBA Championship games. Tim Donaghy was allegedly betting on the spreads to the games that he refereed. After his trial, Tim Donaghy went on to launch a statement to the public saying how one of their most controversial games in NBA history, Game six of the 2002 NBA Western Conference finals, was rigged
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