betting syndicate
Organized wagering group
A betting syndicate is an organized group that pools money and expertise to place large wagers, typically on sports or horse racing.
Members share both risk and profits.
Some syndicates operate legally, using statistical analysis to find favorable odds; others shade into illegal gambling operations: The betting syndicate had insiders at three racetracks.
- gamblingBetting on uncertain results
- ringClosed curve shape
- cartelPrice-fixing coalition
- bookmakerOne who takes bets
- oddsLikelihood expressed numerically
point spread · money line · wager · racket · tipster · hustle · underground · illegal gambling · under the table · stake · fixer · inside job · payout · organized · kickback · layoff · sharp · tout
- syndicatescartel, consortium, drug cartel
- gambling crimesillegal gambling, illegal casino, match fixing, race fixing, point shaving
- racing betsexacta, trifecta, quinella, superfecta, perfecta