LSDefine

Simple English definitions for legal terms

betting

Read a random definition: non quieta movere

A quick definition of betting:

Definition: Betting is a type of gambling where people place bets on a race or event. In parimutuel betting, all the bets are pooled together and then paid out to the winners after a management fee and taxes are taken out.

A more thorough explanation:

Betting

Betting is a form of gambling where people place bets on the outcome of a race or event. In parimutuel betting, the bets are pooled together and the winnings are distributed among the winners after a management fee and taxes are deducted.

Placing a bet on a horse race
Betting on the outcome of a football game
Putting money on a poker game

These examples illustrate how people can participate in betting by placing bets on different events. In parimutuel betting, the bets are pooled together, and the winnings are distributed among the winners based on the amount of money they bet and the odds of the outcome.

betterment tax | beyond seas

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Ineedabadbleep

16:37

hey, just so u all know - i just farted

Ineedabadbleep

16:38

i luv u all and will be seeing u all shortly

MisterSaint

17:02

I floated marquettes deadline hopefully someone on the WL is thankful

DrDresSays

18:10

safety

AnxiousAngel

18:56

Ughhhhhhhhhh

OvertReconditeSpider

20:05

Yo

OvertReconditeSpider

20:07

Lets gooo my school was gunning median this last cycle 🤣

DrDresSays

21:37

movie recs?

starfishies

21:45

rankings out woo

eggan

22:06

NYU solos columbia any day

HardHittingTraderDog

22:15

Washu, TX, Vandy all move up and did well at 14

HardHittingTraderDog

22:15

I am shocked that NW drops to 10 and NYU moves up to 8

[] c0bra1

23:07

holy cow unc is 18 time to beg to get off the waitlist

[] c0bra1

23:08

"rankings don't matter" i chant as i reorder my preference list

peyton

23:22

are the rankings on US News&World Report accurate?

YM-Honor-Student

23:24

No those are incorrect

YM-Honor-Student

23:24

Kansas is t14 and Cornell is rank 50

YM-Honor-Student

23:25

@DrDresSays: I recommend Cinema Paradiso. Makes me cry everytime.

YM-Honor-Student

23:26

The rankings literally did not change in my opinion. Smh. Going by like job outcomes and constitutional law, stayed the same.

peyton

23:28

@YM-Honor-Student: thank you!

YM-Honor-Student

23:29

You are welcome!

YM-Honor-Student

23:33

UFlorida should be higher for winning march madness lol.

Napo

1:43

Oof ASU dropped hard

LovelyDay

4:46

Yeah, they’ve been heading in that direction and the methodology change made it even more pronounced. As dumb as these rankings are, think they placed ASU about right

NightHawkBird

9:00

is there somewhere that shows current versus old

TenFiftyILuvUGang

9:06

someone will have made it on reddit by the end of the day

180letmein

9:21

Brooo that shit different

180letmein

9:21

How'd Harvard drop so far

180letmein

9:22

CLS doesn't deserve to be in the T14s with the way they're acting these days ngl

180letmein

9:22

But that's just my opinion

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