betting pools
Group wagering funds
A betting pool is a form of gambling where participants contribute money to a shared pot, with winners dividing the total.
Office pools for sports events like the Super Bowl or March Madness brackets are common: Everyone put twenty dollars into the betting pool.
Unlike bookmaking, pools pit bettors against each other rather than against the house.
- side betSecondary stake in gambling
- wageringRisking money on outcomes
- entry feesCharges for access
- gambling lawsRules governing wagering activities
- jackpotAccumulated gambling prize
winner take all · tote · parimutuel · winnings · lottery syndicates · sweepstakes · payout · camaraderie · bracket challenge · social bonding · dead heat · age restrictions · odds · long odds · tax implications · poker tournaments · pot · prediction markets
- sports bettingodds, bets, bookmaker, bet, sportsbook
betting poolssavings accounts
Interest-bearing bank deposits
certificates of deposit · treasury bonds · insured deposits · guaranteed returns · annuities