ABSTRACT
Gambling, in its various forms, is illegal in most states. In many cases, criminal organizations control illegal gambling. Gambling has become more complicated in that many states have instituted state lotteries. Many states have these in order to obtain additional revenue without raising taxes. However, criminal organizations have tied their operations to various state lotteries. In this chapter, the most common gambling activities are discussed. Their terminology and record keeping will be discussed in detail. The gambling activities that will be addressed are:
1. Sports bookmaking. This explains the terminology and how sports bookmaking operates. Baseball, basketball, football, and hockey are the primary sports involved in sports bookmaking.
