The Sportsbook Centre

Recent Sports News and Previews

Tennis
Simona Halep will have to overcome the Czech Republic`s Nicole Vaidisova should her bid to win her first Miami Masters title start off on the right foot. The...
Tennis
Fernando Verdasco will take on James Duckworth in the second round of the Miami Masters tomorrow, a competition that the Spaniard has twice reached the quart...
Tennis
World number eight Stan Wawrinka will face off against Carlos Berlocq of Argentina in the Miami Masters tomorrow. The Swiss seed will be aiming to reach the ...
Tennis
Andy Murray will look to kick off his Miami Masters campaign in style in his second round match with American Donald Young. Murray is a two-time Miami Master...
Tennis
Serena Williams will kick off her Miami Masters campaign with a second round match against Romania`s Monica Niculescu tomorrow. The American, who has secured...
Football
The Republic of Ireland will host Poland on Sunday looking to make further headway in their bid to qualify for the European Championships from Group D. The h...
Football
Wales will travel to Israel on Saturday aiming to cement their position as contenders to qualify from Euro 2016 qualification Group B. Chris Coleman`s men cu...
Football
England will host Lithuania on Friday looking to cement their position at the top of the European Championship Group E qualification table. Roy Hodgson`s men...
Tennis
American Donald Young will face Yen-Hsun Lu of Chinese Taipei tomorrow in the first round of the Miami Masters. The former has qualified for the competition ...
Tennis
Novak Djokovic is the current odds-on favourite to pick up this year`s ATP Miami Masters. Whilst the Serbian is the tournament`s reigning champion after scoo...
Football
France will host Brazil in an international friendly on Thursday in what has potential to be one of the most entertaining matches of the week. France are cur...
Football
Scotland will host Northern Ireland tomorrow as the teams take part in something of a local friendly before continuing with their Euro 2016 qualifiers. The f...

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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.