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Gambling
(redirected from bettor)

    Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.02 sec.
Gambling
The act of wagering on an event or a game of chance in which the outcome is uncertain. This includes card games such as poker or bets on sporting events. In U.S. tax, all gambling income, regardless of where or how it was obtained, is taxable income and must be reported to the IRS. Professional gamblers may deduct all gambling losses against gambling income, but casual gamblers may only do so up to the amount of their gambling income.
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All exchanges work on the basis of matching a lay bettor (one "laying" a bet that a team will lose) with back bettor (one "backing" a team to win); therefore, the more participants in an exchange, the more likely one is to have his bet matched.
Soccer Betting - How to Choose the Right Betting Exchange by Dean Sh / Travel, recreation and leisure community
Increasing volatility does two things: it increases the prospects that a normally successful bettor over a particular period of time will suffer an unexpected loss, and it also increases the prospects that a normally unsuccessful better over a particular period of time will enjoy an unexpected profit.
Risk assessment has to be key in staking by The Racing Post (London, England)
All you can eat NFL serves up another dish for sports bettors in Week 1, rounding out the card with a Monday Night Football doubleheader.
Monday Night Football Previews - Sportsbook - NFL Lines by Scott Shapell / Sports and fitness community
 
 
 
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