Sports betting is the activity of predicting the outcome of a sports event and placing a wager on the result. This can involve betting on various aspects of the event, such as which team will win, the score, or specific player performances. Sports betting can take place legally through licensed bookmakers, betting exchanges, or illegally through unregulated platforms. Bets may be placed on professional or amateur events across a wide range of sports, including football, basketball, baseball, and horse racing, among others.

The odds offered by bookmakers reflect the perceived likelihood of an event occurring and determine how much a bettor stands to win. Sports betting is governed by specific laws and regulations that vary by jurisdiction, influencing how it is conducted and its legality. Additionally, sports betting has grown in popularity with the advent of online platforms, allowing for greater accessibility and a wider array of betting options. Overall, sports betting combines elements of chance, skill, and strategy, attracting millions of participants and generating significant revenue in the global gaming industry.