sportsbook

Example:The sportsbook operator faced legal challenges due to changing state regulations.

Definition:A company that owns and operates a sportsbook.

Example:I enjoy betting on a sportsbook and decided to place a $100 bet on the NBA finals.

Definition:The act of placing a wager or bet on a sporting event through a sportsbook.

Example:The sportsbook was closing the books due to the game time approaching.

Definition:The act of ceasing to accept bets on a particular sport or event.

Example:The sportsbook received a new sponsorship deal from a major automobile manufacturer.

Definition:The financial support or advertising agreement given by a company to a sportsbook.

Example:The sportsbook odds for the tennis match were 1.5 for the favorite and 2.5 for the underdog.

Definition:The numerical values given by a sportsbook that represent the amount of money a bettor will win on a successful bet, assuming they bet a standard amount like $100.

Example:The sportsbook market continues to grow as more states legalize sports betting.

Definition:The area of sports betting where wagers are made on various types of sports and events by using a sportsbook.

Example:The sportsbook app offers bonuses for first-time users who make a minimum deposit.

Definition:A mobile application that allows users to place sports bets on their mobile devices.

Example:The sportsbook payout for winning bets can vary depending on the odds set by the operator.

Definition:The amount of money that a sportsbook will pay out to a bettor who wins a bet.

Example:The sportsbook loyalty program includes a cashback offer for every $100 bet.

Definition:A customer retention initiative offered by a sportsbook that rewards frequent bettors with points, cashback, or other incentives.

Example:Sportsbook limits are put in place to protect the sportsbooks from large losses.

Definition:The maximum amount of money that a bettor can bet on a particular event within a given time frame.