Sports Gambling In Famous Cities
by Jerry "Jet" Whittaker
February 21, 2006
Sports gambling or
betting on sporting events is a common form of gambling
around the world, which involves billions of dollars
annually. Huge events like the Super Bowl or the World
Series are organized which generate wagers totaling
billions of dollars and are highly publicized. In
addition to legal sports betting, such as wagers made in
casinos, illegal gambling in sports also flourishes
around the world. Rigid enforcement of
sports gambling
laws is difficult as much of the betting is placed with
private individuals or with companies that are located
in countries where such wagering is legal. Internet
gambling sites, that can be based anywhere in the world,
are another growing source of sports gambling.
Details about Legal and Illegal Sports Gambling –
Though legal in many other parts of the world, betting
on individual sporting events in America is allowed only
in Nevada. There are some exceptions to this, like in
the sport of jai alai, which is open to gambling in a
few places, in Florida. In part this is due to the
potential for events to be fixed, or illegally
influenced (with bribes or with other compensation). The
number of high-profile sports gambling scandals in
history has been high. This includes the fixing of the
1919 World Series by Chicago White Sox players, who were
paid by gamblers for losing the series. Another scandal
involved professional baseball player and manager Pete
Rose, who was banned from baseball and barred from
entering the Baseball Hall of Fame as a result of his
gambling. Most sports leagues and associations have
strict rules against players who bet on sports or who
are found associated with gamblers.
Sports betting typically involve odds or point spreads
which affect the bet or the payout. A bet with odds of
five-to-one means that a winning bettor will collect
five dollars for each one dollar bet. With a point
spread, one team is favored by a certain amount of
points and the amount is set separately by gambling
outlet. For example, if a bettor decides to wager on a
team that is favored by 12 points, then he/she wins only
if that team wins the game by more than 12 points. If
there are no odds or point spread given, then the wager
is called as an even-money bet for example betting five
dollars to win five dollars. There are many other types
of sports wagers which include combination bets,
depending on the sport and the specific regulations that
apply to it.
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