Sports and gambling are two major industries in the United States.
Key Takeaways Gambling on sporting activities typically requires working with an individual or company that accepts bets, also known as a sportsbook.
The term sports betting can encompass athletic competitions, such as basketball or American football, non-athletic events (i.
Spread bets are wagers that a team will either win by or (should they lose) cover a specific number of points.
, bets on underdogs pay more).
Of these four, prop betting is unique, in that there are five states where this is the only permitted bet type.
Sports betting activities are typically facilitated by sportsbooks, which are companies or individuals that accept bets.
, no legislation has been passed on a federal level legalizing the activity.The Bottom Line
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