by Jerry "Jet" Whittaker

Dec 23, 2006

About online gambling:

Online gambling is the general term used for gambling in various sporting events through the Internet. The use of Internet has revolutionized the concept of gambling and betting online. Online sport gambling covers a wide range of gambling options including online poker, online casinos and online bingo etc. However the concept of online gambling in sports is a little different from these. The main aspects of online sports gambling are the bookmakers, betting exchanges and the fixed odd gambling.

Online gambling and bookmakers:

The bookmakers are also known by the name of bookies or turf accountants. Basically a bookmaker can be an organization or an individual that takes the bets form the bettors through the Internet and pay the winnings depending upon the nature of the bets. Book making is illegal in the United States with only Nevada as the exception where it is legalized and regulated by law. In other parts of the world like the United Kingdom it was both regulated and illegal at the same time. Some countries like Singapore and Canada has only legal bookmakers that are state owned and operated.

Types of sports gambling available on the Internet:

In the Internet thousands of bookmakers accept wagers on sporting events around the world. The earnings of the bookmaker depend on the commission that is being regarded as the money kept in risk s less than the size of the money of the bet placed. Some of the most popular sporting events in America like football; basketball, ruby, baseball, hockey, boxing and soccer are included for placing bets and wagering using the Internet. On these events the bookmakers generally offer two types of bets that are called straight up or money line bet and a point spread wager. Bookmakers in the United States generally bet generally use money lines, which are quoted in terms of the amount required to win $100 on a favorite, or the amount paid for a $100 bet on an underdog. Another very common type of sport gambling available for popular sporting events involves predicting the combined total score between the competing teams in a game and such wagers are known as totals or over/unders.

Copyright © 2000-2005 GamblingWiz.com All rights reserved.