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Sports
Betting
Sports
betting is the general activity of predicting
sports results by making a wager on the outcome
of a sporting event. Perhaps more so than other
forms of gambling, the legality and general acceptance
of sports betting varies from nation to nation.
In the United States, the Professional and Amateur
Sports Protection Act of 1994 makes illegal to
operate a "betting, gambling or wagering
scheme", except for in the states of Delaware,
Nevada, and Oregon. Nevada, however, is the only
state currently allowing sports gambling, while
in many European nations bookmaking (the profession
of accepting sports wagers) is highly regulated
but not criminalized. Proponents of legalized
sports betting generally regard it as a hobby
for sports fans that increases their interest
in particular sporting events, thus benefiting
the leagues, teams and players they bet on through
higher attendances and television audiences. Opponents
fear that, over and above the general ramifications
of gambling, it threatens the integrity of amateur
and professional sport, the history of which includes
numerous attempts by sports gamblers to fix matches,
although proponents counter that legitimate bookmakers
will invariably fight corruption just as fiercely
as governing bodies and law enforcement do. Most
sports bettors are overall losers as the bookmakers
odds are fairly efficient. However, there are
professional sports bettors that make a good income
betting sports. (Credit: Wikipedia).
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