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You are here: Home >> Beginner's Guide >> Introduction >> What is Sports Betting?
Sports betting is a form of gambling that entails placing a wager, also known as a bet, on the outcome of a sporting event.
The primary intent of sports betting is to win additional money.
With the exception of spread betting, 'draw no bet' wagers and a few other examples, a bet will have two possible outcomes.
Sporting wagers can be on fixture or tournament results, or on events that take place during a fixture.
A bet against an outcome is called a lay bet.
For example you could lay a bet against Tiger Woods to win a golf tournament.
One point of difference between sports betting and casino gambling is the probabilities of winning are not known with sports betting – they are only estimated.
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