The Basic Terms of Sportsbooks

Sportsbooks Glossary

In order to play the game, a player must first acquire the terminology and acceptable rules. Here, you will learn the glossary for sportsbooks, which will improve your individual knowledge together with professional skills.
Casino Pays out to Underage Gambler
by Kevin Lee ( February 28 2007 12:32 )

A Macau casino is forced to pay an underage girl after she wins the jackpot

After a 16 year old girl won a $120,000 jackpot on a slot machine, Macau's casino authority has made the penalties for allowing anyone underage into the casinos. The girl was playing a slot machine and won the jackpot, the casino refused to pay her because for a minor to gamble is illegal, but eventually the casino gave in after the family got involved and said that if she can not gamble then the casino must return her money. Eventually the Gaming Inspection and Coordinating Board got invo...

2 Former Neteller Executives to be Charged in the USA.
by John Huse ( January 18 2007 13:59 )

The founders of Neteller are charged in the USA for laundering illegal gambling money.

Two of the founders of Neteller have been arrested while traveling in the United States and are being charged with laundering billions of dollars in funds from online gambling. The former executives are both Canadian citizens. The case prosecutor said that both men knew when they made their company public that the companie%u2019s actions were illegal. According to the prosecutor "Blatant violations of U.S. law are not a mere "risk" to be disclosed to prospective investors," and "Criminal ...

Bookmaker Must Pay Winners
by Richard Miller ( January 4 2007 13:59 )

A popular British bookmaker must pay winners after making a bad bet.

Before you make a bet on something make sure the other person does not already know the outcome. This is the lesson a British bookmaker is learning, after they accepted bets on the plot of a popular British Soap Opera. The bookmaker decided to take bets after hearing that the TV show Coronation Street was going to do a Who Shot JR type cliff hanger when they kill off long time popular character Charlie Stu...

Gambling Pharmacist Busted for Tax Evasion
by Kathy Clark ( December 17 2006 14:3 )

Pharmacist arrested by Investigators after admitting he hid profits from his business and from ga

Last month a McDowell County pharmacist explained to an undercover Internal Revenue Service agent how he avoided paying taxes on gambling winnings and that he skimmed profits from his pharmacy according to a federal search warrant, which was unsealed Thursday. The owner of the pharmacy was arrested last month on charges of conspiracy to evade reporting almost $2 million dollars from his gambling and a quarter million dollars from his pharmacy every year for about 5 years. The pharmacist?...

Sweepstake or Slot Machine
by Ruth Nelson ( December 3 2006 13:40 )

The Alabama Supreme Court makes sweepstakes machines an illegal form of gambling

According to a ruling by the Alabama Supreme Court on Friday, video sweepstakes games like the ones found at a Birmingham dog track are a form of illegal gambling, and are no different then a slot machine. The unanimous ruling is a reversal of a previous ruling from the Jefferson County Circuit Court, who previously ruled that the game known as MegaSweeps was not a lottery and ran on a different system then slot machines of gambli...

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