Sports gambling is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the huge majority of bets being placed on association football, American football, baseball, basketball, hockey, track cycling, car racing, mixed martial arts, and boxing in both amateur and professional levels. Sports gambling can also extend to non-athletic events, such as reality show competitions and governmental elections, and extra-curricular competitions such as horse racing, greyhound racing, and prohibited, underground cockfighting. It is not uncommon for sports gambling websites to provide wagers for entertainment events like the Grammys, the Oscars, and the Emmy Awards.
Sports bettors put their wagers either lawfully, through a bookmaker/sportsbook, or illegally through privately run enterprises. The term”publication” is a reference to the books used by wagebrokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Web from jurisdictions separate from the clients they serve, usually to get around various gaming laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 from the USA ) in select markets, including Las Vegas, Nevada, or even on gaming cruises through self-serve kiosks. They take bets”upfront”, meaning the bettor has to pay the sportsbook before placing the wager. Illegal bookies, on account of the nature of their business, can operate anywhere but only need cash from losing bettors and do not need the wagered money up front, creating the potential for debt into the bookie from the bettor. This produces a number of other criminal elements, thus furthering their illegality.
Sports betting has resulted in several of scandals in sport, affecting the ethics of sport events through various acts including stage shaving (players influencing the score by missing shots), spot-fixing (a participant activity is fixed), bad calls from officials at key moments, and overall match fixing (the overall result of the occasion is fixed). Examples include the 1919 World Series, the alleged (and afterwards confessed ) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy. One of the greatest scandals of all involves the 2002 NBA Championship games. Tim Donaghy was allegedly gambling on the spreads to the matches he refereed. After his trial, Tim Donaghy went on to launch a statement to the people saying how among their most controversial games in NBA history, Game six of the 2002 NBA Western Conference finals, was rigged
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