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Credit Betting

Definition: Betting without needing to have up front money on account to place a wager. If you win, you are paid off and if you lose, you are billed. Standard with barroom bookies. Much less common with online sportsbooks. The alternative is Post-up Betting.
 
Example: Frank has grown comfortable with betting on credit because he only has to pay when he loses.


Pregame.com offers the Sports Gambling Glossary to give you a better understanding of sports betting terms and definitions so you can bet with confidence.

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