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Sports Betting: Bettors
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Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. In the United States, for example, sports gambling is only legal in Nevada casinos, while in many European nations bookmaking (the profession of accepting sports wagers) is highly regulated but not criminalized. Proponents of legalized sports betting generally regard it as a hobby for sports fans that increases their interest in particular sporting events... benefiting the leagues, teams and players they bet on through higher attendances and television audiences. Opponents fear that, over and above the general ramifications of gambling, it threatens the integrity of amateur and professional sport, the history of which includes numerous attempts by sports gamblers to fix matches, although proponents counter that legitimate bookmakers will invariably fight corruption just as fiercely as governing bodies and law enforcement do. Most sports bettors are overall losers as the bookmakers odds are fairly efficient.
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Sportspunter is happy to recommend Centrebet to handle your online sports betting requirements. Founded in 1996, Centrebet was Australia's first online bookmaker and is regulated by the NT Government, making it one of the safest places to bet in the world. Centrebet cover a fantastic array of sports betting markets to cater for the needs of any bettor.
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PinnacleSports.com ( http://www.pinnaclesports.com/ ) is the Internet's largest sports betting site, serving customers in more than 80 countries worldwide. Founded in 1998, PinnacleSports.com was the first sports book to introduce reduced margin wagering, using a -105 pricing model that gives bettors up to 50% better value on wagers than traditional bookmakers. With low minimum bet requirements and the highest maximum limits on the Web, PinnacleSports.com has earned an industry leading reputation for providing consistent value to the player, professional customer service and the quickest payouts online. Fully licensed and regulated in Curacao and the United Kingdom, the company offers a secure environment for sports betting, racing and casino gaming.
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Aside from simple wagers--betting a friend that one's favorite baseball team will win its division, for instance, or buying a football "square" for the Super Bowl--sports betting is commonly done through a bookmaker. Legal sports bookmakers exist throughout the world (perhaps most notably in Las Vegas). In areas where sports betting is illegal, bettors usually make their sports wagers with illicit bookmakers (known colloquially as "bookies") and on the Internet, where thousands of online bookmakers accept wagers on sporting events around the world. (In the United States, the legality of Internet wagering is ambiguous, due to the fact that online bookmakers generally operate outside of the U.S. Some online bookmakers do not accept wagers from the U.S. due to these unresolved legal questions.) The bookmaker earns a commission or "vigorish" by regarding the money at risk as less than the size of the bet placed. A common line is a $110 bet on a fair coin which pays $210 to win and $0 to lose. On this line, it costs $220 to bet both sides of the same coin simultaneously, but the combined bet always pays $210.
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Sports betting is widely gaining popularity nowadays, especially with the onset of the Internet. Gamblers will just log on to their favorite sports betting site and enjoy betting on their sport. Hundreds of sports books, or bookmakers, are now doing business online, getting wagers from bettors anywhere around the world.
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The Internet's largest sports betting site, PinnacleSports.com originally released odds on the number of major championships won by Tiger Woods in 2006 before his first tournament in January. Wagering initially opened with Woods as an 80/1 long shot to complete the Grand Slam, but since then bettors have heavily backed Tiger, dropping the odds on winning all four majors to 45/1. The odds on Woods falling just one title short of making history have shortened from 18/1 to 10/1 after nearly 25% of all bets accepted at PinnacleSports.com back Tiger winning three majors this year.
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