Sportsbook: An establishment/website where people can legally place bets on sporting events, and sometimes non-sporting events, that pays out money as winnings.

If you’re new to sports betting terminology, here are some common sports gambling words and phrases to help you better understand the vernacular:īet/Wager: When a person risks a sum of money against a sportsbook and that person either loses the money they risked, or they are returned a sum of money larger than what they initially put at stake based off the result of a sporting event.īettor: A person who places a bet/wager on a sports competition. You’ve already likely begun hearing some gambling terms more frequently on broadcasts, podcasts and when you’re reading previews or recaps. The first week of April marked Ontario’s foray into legalized single-game sports betting as we continue to enter a new era in how fans can enjoy, consume and participate during live sports. Single-game sports betting has technically been legal in Canada ever since Bill C-218, An Act to amend the Criminal Code (sports betting), was passed in the House of Commons in the summer of 2021.

What does 4 mean in gambling