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Encyclopedia > Betting pool

A betting pool, sports lottery, or office pool if done at work, is a form of gambling where gamblers pay a fixed price into a pool and make a selection on some outcome, usually related to sport. The pool is evenly divided between those that have made the correct selection. There are no odds involved, each winner's payoff depends simply on the number of gamblers and the number of winners. Additionally, in an informal game the vig ("house take") is usually quite small or non-existent. Wikipedia does not have an article with this exact name. ... Footy tipping is a competition where competitors try to predict the winning teams in a round of games played each round during (usually) the home and away season of a sport. ... Caravaggio, The Cardsharps, c. ... In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. ... Vigorish, or simply the vig, or juice, is the amount kept by a bookmaker for his services. ...


Contestants predict the outcome of sporting events that take place at a later time. The concept was introduced in 1923 by Littlewoods Pools where it was known as toto and based on soccer matches. Today in England, sports lotteries are more commonly referred to as a football pools (see below). American sports lotteries often do not require contestants to purchase a lottery ticket or make an initial wager. Littlewoods Pools is the UKs leading operator of football pools betting games. ... Football is a ball game played between two teams of eleven players, each attempting to win by scoring more goals than their opponent. ... A lottery is a popular form of gambling which involves the drawing of lots for a prize. ...

Contents

Legal issues

Betting pools are illegal in many jurisdictions. This article does not cite any references or sources. ...


By topic

Hockey pool

Main article: Hockey pool

A hockey pool is a game in which the participants (called owners) each draft or acquire a team of real-life NHL players and then score points based on those players statistical performance on the ice. ...

Football pools (Europe)

Main article: Football pools

Pool has several meanings: A planted garden pool at Mission San Juan Capistrano It is any of several games similar to billiards, distinguished by using a table that has one pocket at each corner and one in the middle of each of the two longer sides. ...

Numbers game

Main article: Numbers game

The numbers game, or policy racket, is an illegal lottery played mostly in poor neighborhoods in U.S. cities, wherein the bettor attempts to pick three or four digits to match those that will be randomly drawn the following day. ...

Dead pool

Main article: Dead pool

A dead pool, also known as a deathpool or a ghoul pool is a game of prediction which involves guessing when someone will die. ...

See also

 This gambling-related article is a stub. You can help Wikipedia by expanding it.


 
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