The process of predicting results of a sporting event or competition by placing wagers on their outcomes is called sports betting. In lots of countries, the process of bookmaking (accepting wagers on events) and betting is criminalized, made illegal or simply regulated. For e.g. few European nations just regulate bookmaking and NCAA has threatened their state of Delaware in US if they allow college betting. The sports betting proponents usually regard it being an interesting activity for sports fans which increases their interest in the competitions and events. Furthermore, they state that it benefits the players, teams and leagues that the spectators bet on as they get larger audiences (television as well as live attendance).

The opponents of betting fear that instead of bearing usual gambling ramifications, sports betting can threaten to spoil the integrity of sporting events as there happen to be numerous attempts by gamblers to fix competitions and safe casino matches within the past. Nonetheless, betting proponents counter by stating that legitimate handicappers and bookmakers always fight against corruption and lots of of them do it as fiercely as the law enforcers and governing people do. Simply, it's seen that sports bettor lose more as the odds made by bookmakers are certainly efficient. But, most of the winning bettors are experts which might make good income by utilizing statistical and spread services provided by professional handicappers. A person might place wagers by contacting bookmakers or bookies (where betting is illegal) or even go online as there are a sizable number of betting services on the net.

There are actually different kinds of bets linked to sports betting. Several of them are:

Proposition bets are wagers in sports betting that are placed on very particular outcomes during a competition. The examples of these bets include guessing whether a baseball player would hit more than a player on the opposing team or even the range of goals which may be scored in a soccer match as well as whether a particular football player would net more than a particular number.

Parlays involve more than one bets and reward their bettors with large payouts. For e.g. if a bettor bets on four different wagers on four different teams, then the parlay implies that he/she is betting that all four wagers would win. If any of the bet loses, the bettor loses and if all the four win, then the bettor would get a lot higher payout (generally 10-1 in the event that of four teams). You can find progressive parlays, that are slightly similar to normal parleys. The rewards are good, although not as large as regular parley and if some of the bets lose, a small amount or payout can still be made.