Sportsbook
In the United States of America a sportsbook is a place where a player can bet money on many different sports, for example basketball, golf, football, hockey, baseball, soccer, horse racing, boxing and many more. A bet is when a person thinks that a particular team/contestant will win a competition and gives some money. If he wins the bet - he will receive his money back with some monetary prize. If his team/contestant loses, he will not get his money back.
The Professional and Amateur Sports Protection Act of 1992 allows only Nevada, Oregon, Montana, and Delaware[1] to legally bet on sports. There are more Sportbooks that allow betting online or through mobile. With better availability and lower minimum bets, the whole industry is rapidly growing.[2]
Before placing a bet a person should read the terms and conditions of the sportsbook to avoid any problems.
References
change- ↑ Millman, Chad (May 13, 2009). "Delaware Allows Sports Betting". ESPN. Retrieved January 30, 2012.
- ↑ http://www.bangthebook.com/sportsbook-review/ Archived 2013-03-02 at the Wayback Machine Comparison and explanation of Sportsbook services