Betting Pool
/ˈbɛtɪŋ puːl/
Definitions
- (n.) A collective wagering scheme in which participants contribute money to a common fund, the total of which is awarded to the winner(s) based on specified criteria.
The betting pool was organized among coworkers to guess the outcome of the sports match.
Forms
- betting pool
- betting pools
Related terms
See also
Commentary
Betting pools often raise regulatory concerns under gambling laws and may require licenses depending on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.