betting syndicates
Organized wagering groups
Betting syndicates are organized groups that pool money and expertise to place large wagers, typically on sports events.
Members share information, analysis, and bankroll to gain an edge over bookmakers.
Syndicates range from informal partnerships among skilled bettors to sophisticated operations employing analysts and using algorithms: The betting syndicate moved millions through offshore accounts.
- sports bettingWagering on athletic contests
- handicappingEqualizing chances artificially
- oddsLikelihood expressed numerically
- wagerStake on uncertainty
- stakeSharpened post or share
collusion · gambling · sharps · wise guys · ringers · gambling laws · fixers · corruption · profit sharing · layoff · betting ring · organized crime · match fixing · point shaving · runner · hierarchy · fraud · money laundering
betting syndicatesbookmakers
Those who accept bets
sportsbooks · oddsmakers · the house · casinos · bookies