Definition & Meaning of "betting shop"

What is a "betting shop"?

A betting shop is a place where people can place bets on various events, such as horse racing, sports games, or other competitions. It is a business that allows individuals to wager money on the outcome of these events, hoping to win if their prediction is correct. Betting shops are regulated by local laws and provide information on the odds of different outcomes, helping customers make informed choices. The shop often has terminals where customers can place bets, and sometimes it also features live displays of event results. Betting shops are commonly found in many countries and are part of the broader gambling industry.