Sports Betting

Posted by amirthaa on September 26th, 2010

The term sports betting is notsomething new, especially to those who are in sports or sports-related fields.Sports betting is a type of gambling that can be played in various ways. Thisbetting system had a very humble beginning in the early 80s? and now is amassive industry involving both online and offline bets.

There are many ways to place awager on sports. Aside from the simple bets you place with your friends on yourfavorite soccer team, you can also place your wagers through a bookmaker or themany online outlets. Examples of sports betting types include Head-to-Head,parlays, proposition bets, and teasers. Each type of betting has a specifictype of wager placements and techniques of winning.

Meanwhile, in sports betting, abookmaker or more casually known as a bookie is usually a person or anorganization that takes bet upon sports upon mutually agreed odds. Illegalbookmakers posses no license and are not regulated by specific laws. On theother hand, there are legal bookies that place wagers on sports and bookiessometimes act as a regulator to ensure profit regardless of the outcome of thematch. With the arrival of World Wide Web, most bookmakers now operate throughtheir online brand, taking their business global.

Famous sports in sports bettingindustry include horse and greyhound racing, tennis, football, and golf. Thelegal sports betting industry boosts a country?s economy as well. Sportsbetting is usually at the peak of its popularity when a certain season arrives,For example, the FIFA World Cup and the Grand Slam tournaments.

On a negative note, sportsbetting are sometimes accused of being the main cause of match fixing. Usually,pre-agreed decision with the gamblers may result in match fixing or in caseswhere a competition is a game, game fixing situations. These situations mayarise if huge profits can be made by the playing team in case a game ispre-fixed. Many sports commentators, critics and generally, the public haveraised their concern over sports betting as it outs the real gaming spirit injeopardy. To put in other words, sports betting has become such a hugephenomenon that the common may have lost faith and respect towards the game.

Conclusively, sports betting is not something?bad? to be curbed. It may or may not serve as a motivational factor for theteams playing. If done correctly, sports betting can promote healthycompetition and encourage the mass to turn their attention towards sports. Forexample, greyhound racing is a competition that was confined to the gamingcircuit until gamblers were involved. Now, it is a globally known sport. Thus,it depends on the moral and the ethics of the players, referees and gamblingorganizations to make sure that sports betting does not interfere with thedeserved outcome of a game.
Also See: Sports Betting, Match Fixing, Greyhound Racing, World Wide, Sports, Betting, Game
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