We've got 0 shorthands for betting pool »
Acronyms that contain the term betting pool
What does betting pool mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: betting pool.
We couldn't find any results for your search.
Couldn't find the right meaning of betting pool?
Maybe you were looking for one of these abbreviations:
BETSIE, BETSS, BETT, BETTA, BETTER, BETW, BEU, BEUC, BEUI, BEUL
... or use our Power Search technology to look
for more unique definitions from across the web!
Search the web
What does betting pool mean?
- Betting pool
- A betting pool, syndicate, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a pool (from which taxes and a house "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. (True parimutuel betting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.) Betting pools are not connected only to sports, as there are topics such as deaths and births which people can bet on. Death pools usually involve well-known individuals, such as celebrities and sports figures, which the participants predict will die within a certain period of time. On the other hand, birth pools involve individuals picking specific dates in which someone, who can be either a celebrity or friend, gives birth.
Know the definition for betting pool? Know the meaning of betting pool? Don't keep it to yourself!
Citation
Use the citation options below to add these abbreviations to your bibliography.
Style:MLAChicagoAPA
"betting pool." Abbreviations.com. STANDS4 LLC, 2024. Web. 18 Jun 2024. <https://www.abbreviations.com/betting%20pool>.
Discuss these betting pool abbreviations with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In