Sports betting is the activity of predicting sports results and putting a bet on the result. The frequency of sports bet upon changes by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting also can extend to non-athletic events, such as fact show competitions and political elections, and extra-curricular competitions such as horse racing, greyhound racing, and prohibited, underground cockfighting. It is not uncommon for sports gambling websites to offer 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 through privately run enterprises. The term »publication » is a reference to the books used by wagebrokers to track wagers, payouts, as well as debts. Many legal sportsbooks are located online, operated over the Internet from authorities separate from the clients they serve, usually to get around various gaming laws (like the Unlawful Internet Gambling Enforcement Act of 2006 from the United States) in select markets, including Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. They take bets »upfront », meaning the bettor must pay the sportsbook before placing the wager. Illegal bookies, on account of the character of their enterprise, can function anywhere but only need cash from dropping bettors and do not need the wagered money up front, creating the potential for debt to the bookie from the bettor. This produces numerous other criminal elements, thereby bettering their illegality.
Sports betting has resulted in a number of scandals in sport, affecting the integrity of sport events through different acts including stage shaving (players affecting the score by missing shots), spot-fixing (a participant action is adjusted ), poor calls from officials in key moments, and total match fixing (the total result of the event is fixed). Cases include the 1919 World Series, the alleged (and afterwards confessed ) illegal gaming of former MLB player Pete Rose, and former NBA referee Tim Donaghy. One of the biggest scandals of involves the 2002 NBA Championship games. Tim Donaghy was allegedly betting on the spreads for the games that he refereed. After his trial, Tim Donaghy went on to launch a statement to the public saying how one of their most controversial games in NBA history, Game six of the 2002 NBA Western Conference finals, was rigged