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Online Gambling Guide by Jerry Whittaker…
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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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