sportsbook

Definitions

A place where a gambler can bet on various sports competitions; the company that runs it; the website that is its online presence. (Most such companies offer online betting, subject to geofencing by state.)

US

Examples

“There’s a common marketing slogan in sports betting: “Sweat⟳ the game, not the payout.” In other words, when dealing with legitimate sportsbooks and not some shady neighborhood bookie, gamblers shouldn’t have⟳ to worry⟳ about getting stiffed. Yet bettors say⟳ gaming operators aren’t always living up to that promise⟳, and some industry officials agree⟳. Bookmakers sometimes use⟳ a clause in their fine print⟳ as an “insurance plan⟳,” as one top regulator put⟳ it, to get⟳ out of paying big winners — and multiple industry observers say⟳ the practice is increasing.”

CEFR level