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 give some money. If he win the bet - he will receive his money back with some monetary prize. If his team/contestant will loose - he will not get his money back.
In USA the PASPA of 1992, is a shortcut for Professional and Amateur Sports Protection Act of 1992 - it allows only Nevada, Oregon, Montana, and Delaware to legally bet on sports. Recently there are more Sportbooks that allow betting online or through mobile. With better availability and lower minimum bets the whole industry is rapidly growing.
Betting can cause addiction which can lead to social and mental issues.
Before placing a bet a person should read the terms and conditions of the sportsbook to avoid any problems.
References[change | change source]
- Millman, Chad (May 13, 2009). "Delaware Allows Sports Betting". ESPN. http://sports.espn.go.com/espn/news/story?id=4162225. Retrieved January 30, 2012.
- http://www.bangthebook.com/sportsbook-review/ Comparison and explanation of Sportsbook services
- "Sportsbook Rules and Regulation". http://www.realpriceperhead.com/Rules-and-Regulations/rules-and-regulations.html.