One main difference is that the vast majority of sports betting occurs outside of casinos and "legality". The other huge difference is that the entity making th

One main difference is that the vast majority of sports betting occurs outside of casinos and "legality". The other huge difference is that the entity making the picks doesn't necessarily have to be the person placing the bets. There is a well established term in sports betting for one who places a bet for someone else, "beard". Fortunately for the bookies/casinos and the few winning bettors, there are always plenty of losing bettors to keep the system afloat and profitable for everyone with an edge.