The Sportsbook Centre

Recent Sports News and Previews

Football
Manchester United will continue to put pressure on the top three clubs in the division tomorrow night with a win away at Newcastle. Louis van Gaal`s men curr...
Football
Reigning Premier League champions Manchester City will be looking to bounce back from their 2-1 defeat at the hands of Liverpool last weekend by seeing off L...
Horse Racing
Viking Blond Peter Bowen`s Viking Blond took on the Cheltenham Festival`s Pertemps Final back in 2011 as a 138 rated hurdler. He completed the race in a res...
Tennis
Two places separate Daniela Hantuchova and Monica Puig in the world rankings at 46 and 48 respectively but the pair will meet tomorrow in the first round of ...
Tennis
Monterrey`s third seed Caroline Garcia of France takes on Karin Knapp in the first round of the Mexican tournament tomorrow. The seeded player is a 20/1 shou...
Tennis
Italy`s Sara Errani will take on Lauren Davis of the United States in the first round of the WTA Monterrey Open tomorrow. The former has had some success in ...
Football
Southampton will be looking make a move to reclaim their place in the top four following their unceremonious 1-0 defeat at the hands of West Bromwich Albion ...
Football
Fifteenth will play 16th at the KC Stadium tomorrow as Hull host Sunderland in their latest Premier League fixture. The home side will be looking to make ame...
Football
Aston Villa will be in danger of becoming the second team to be cut adrift at the bottom of the Premier League this season should they fail to beat West Midl...
Football
The first domestic competition reaches its climax tomorrow as Wembley plays host to Chelsea and Tottenham Hotspur in the League Cup final. Both sides are goi...
Football
Arsenal could move to as high as third with a win against Everton tomorrow, putting them five points clear of Southampton in fifth in the process and cementi...
Football
Liverpool could close in on a Champions League place but will have to beat reigning Premier League champions Manchester City at Anfield in tomorrow`s 12:00 k...

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Recent Sportsbook Articles

Situated at Cleveragh in County Sligo, Ireland, about one kilometre from Sligo town centre just off the Pearse Road, the Sligo Racecourse stages both National Hunt and flat racing in a ...
Located in County Roscommon, just about one kilometre from Roscommon town centre on the Dublin-Castlebar Road, the Roscommon Racecourse hosts both National Hunt and flat racing during a...
Noted primarily for its National Hunt events, Punchestown Racecourse is a dual-purpose Premier racing venue in County Kildare, Ireland, located close to the town of Naas and about 20 mi...
Based within the 812-acre estate of High Gosforth Park, Newcastle Racecourse is about three miles north of Newcastle upon Tyne city centre in Northumberland, Northeast England. Its left...
Located at Proudstown near Navan in County Meath, Ireland, Navan Racecourse hosts both National Hunt and flat racing events under the auspices of Horse Racing Ireland. The left-handed o...
Located in the heart of the “Thoroughbred County” of Kildare, Naas Racecourse is just a mile from the town centre of Naas and 18 miles from Dublin City. It hosts both National Hunt and ...
Located on the Hill of Crockafotha in County Meath, Ireland, the Bellewstown Racecourse occupies a beautiful rural setting with views of the Irish Sea to the east and the Mountains of M...
Great Yarmouth Racecourse is situated just a mile north of one of many sandy beaches that have brought fame to the Norfolk town of Great Yarmouth, sometimes referred to as Newmarket On ...
Situated in County Wexford, Ireland, just outside Wexford town off the Dublin-Rosslare bypass, the Wexford Racecourse offers both National Hunt and flat racing at eleven fixtures schedu...
Located just a kilometre outside the seaside town of Tramore in County Waterford, Ireland, Tramore Racecourse conducts both jumps and flat races. It is noted for its tough, right-handed...
Located three kilometers northwest of Tipperary Town on the on the main Limerick-Waterford Road (N24) in County Tipperary, Ireland, the Tipperary Racecourse is conveniently adjacent to ...
Situated a kilometer and a half west of Thurles town centre in County Tipperary, Ireland, the Thurles Racecourse offers both National Hunt and flat racing. Its undulating, right-handed ...

 

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About Sportsbooks

Betting on team and individual sports has been popular since the mid-19th century. This was especially true here in the UK, where gambling clubs in the back rooms of taverns began the practice of keeping records of wagers in books. This led to the expression "betting a book", and before long, the person who wrote the entries became known as a "bookie", slang for "bookmaker", a term which entered the English language in 1885.

Meanwhile, in the United States, the results of sporting events and horse races on either coast were broadcast across the country over telegraph lines. This led to another idiom, "playing the wire", to describe the operations of American betting clubs. Although remote betting had become possible nationwide, a federal anti-gambling law called "The Wire Act" effectively banned the practice in 1961.

Today, the organizations that take legal wagers on sporting events are known as sportsbooks. They include the well-established betting shops of Britain - BetVictor, William Hill, Bet Fred, and others - which after numerous consolidations still number about 8,500. Another 150 licensed sportsbooks can be found in Nevada, the only US state where wagering on sports other than horse racing is legal. And now, thanks to the Internet, there are at least 367 sportsbooks conducting business in English online, making sports betting accessible everywhere.

The most popular sports for wagering in North America are American football, basketball, and baseball, in that order. The former two include both professional and college versions. In the rest of the world, betting on football (soccer) dominates, and it reaches a fever pitch during the quadrennial FIFA World Cup championship playoffs. Other team sports with a strong following among bettors are Aussie Rules Football, Cricket, Gaelic Football, Futsal, Handball, Ice Hockey, Rugby League, Rugby Union, and Volleyball.

Apart from team sports, boxing has long been a popular sport for wagering, now joined by Mixed Martial Arts and UFC events. Bets can be made on tennis and golf matches, motor sports, cycling, darts, hurling, and snooker. And some sportsbooks will take wagers on the outcome of political elections, beauty contests, and television reality shows. Betting volume at sportsbooks can vary greatly throughout the year. It typically follows seasons and major events, reaching a peak when playoffs, tournaments, or championships occur.

Two types of wagers are most commonly made on the winner of a given event. One of these is known as a "straight-up" or "money line" bet, in which fixed odds are quoted. For example, when a 2-to-1 favorite wins a heavyweight fight, a winning wager of £2 pays £3 - the original £2 bet returned, plus £1. If the 2-to-3 underdog wins, the winning £2 ticket pays £5 - the original £2 bet returned plus £3. The odds are often expressed as decimals, too.

The other type of common wager is called a "spread" bet and it is usually applied to team sports, predicting how many points the favorite is expected to win by. For example, if the underdog New York Giants are quoted at +3 playing against the Dallas Cowboys, the Giants get an extra 3 points added to their score; a 28-27 loss would become a "win" for the N.Y. bettor. Spread betting is especially prevalent in the sportsbooks of Nevada, while bookmakers in Europe and Asia generally prefer to offer straight-up odds.

Sportsbooks make money whether teams or individuals win or lose. They accomplish this by "balancing the action" - i.e., attracting enough bettors on the losing side of the bet to cover the payout on the winning side. Through experience, bookmakers have learned how odds and spreads can be adjusted up or down to accomplish this. The sportsbooks then earn their profits through a small commission called the "vigorish", which is captured from the losing wagers. As long as the betting on either side of an event is about even in dollar terms, the sportsbook cannot lose.