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What is Sports Book?
Define the Sports Book?
Explain the Sports Book?

Jan 3rd, 2009 10:11
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Sportsbook is a person or company that accepts bets. Some times
Sportsbook refers a place where a gambler can wager on various sports
competitions, including golf, football, basketball, baseball, hockey,
soccer, horse racing and boxing. The method of betting varies with the
sport and the type of game. The more prominent the event, the more
wagering options that are made available. Winning bets are paid when the
event finishes, or if not finished, when played long enough to becomes
official; otherwise all bets are returned. This policy can cause some
confusion since there can be a difference between what the sportsbook
considers official and what the sports league consider official.
Internet sportsbooks: While internet sportsbooks lack face-to-face
transactions, they can handle more customers than land based sportsbooks
and operate more cost effectively. Internet sportsbooks pass lower costs
on to customers in the form of reduced vigorish (cheaper prices) or
bonus incentives. Internet sportsbooks can also offer similar products,
such as casino games, bingo, and poker to their existing clients. While
Internet sportsbooks take bets online, normally they are licensed in
some jurisdiction. Taxation and regulation vary greatly by country.
Internet sportsbooks range from fraudulent operations with no intention
of paying their customers to multi-billion dollar publicly traded
companies. Furthermore, many internet sites have been reported for
questionable customer service practices and withholding money from
customers. Internet sportsbooks range in focus, as some primarily cater
to American sports, while others focus on European soccer. Some
sportsbooks handle large wagers while others have low wagering limits.
Some offer many exotic proposition wagers, where others have limited
choices. Payment methods are not universally accepted at all sportsbooks.
Costa Rica is home to a large number of offshore sportsbooks, as it
caters to many of the needs of the industry with an open regulatory
environment and a large, capable workforce. A number of sportsbooks are
also located in Jamaica, Gibraltar, Antigua, Curaçao, Australia, and
many other countries around the world.
Today there are roughly 150 licensed sportsbooks in the United States,
all located in Nevada casinos. Now that many casinos share the same
parent company, they offer the exact same wagering choices and odds,
which is a disadvantage to the astute gambler who in the past could do
more shopping for better prices.
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