Wordinistas! Check out A Way With Words, public radio's call-in show about language.
Dictionary definition of “rebate shop”

rebate shop

n. a gambling broker which guarantees to return a percentage of every bet to a bettor. Subjects: , ,
Comments? | Cites | Permalink | Tell a Friend
Citations: 2001 Andrew Beyer Washington Post (Feb. 1) “Rebates Knock Betting Off Track” p. D2: Laurel Vice President Jim Mango traced the bet to the island of St. Kitts, site of a suspected rebate shop. 2004 Chris Young Toronto Star (Can.) (Apr. 17) “Complex betting world” p. E8: Rebate shops have no such overhead to cover and give most of it back to their customers. Typically, that amounts to between 3 and 12 per cent of the amounts bet, even as high as 18 per cent on some exotic bets. 2004 Joe Drape New York Times (Apr. 26) “Horse Racing’s Biggest Bettors Are Reaping Richest Rewards”: He bets through what are called rebate shops, which are off-shore, on Indian reservations or in states with fewer regulations. Rebate shops offer from 4 percent to 10 percent back on every dollar wagered—win or lose.
Posted 26 Apr 04 | Permalink | Tell a Friend

Leave a comment (must be approved by the moderator before it will appear).

Name (mandatory):

Email (mandatory):

Location (optional):

Your Web Site (optional):

Remember my personal information

Notify me, by email, of follow-up comments.

Recent Catchwords
hot money n. (7/4)
yes-and v. (7/3)
ten-tenths adj. (7/3)
harlotfest n. (7/3)
negative operating cycle n. (7/3)
sporno n. (7/3)
Twaggot n. (7/3)
heinie n. (7/3)
momshell n. (7/3)
porn mode n. (7/3)
downwinder n. (7/3)
tele-town-hall n. (7/3)
flame-o-gram n. (7/3)
Twinjury n. (7/2)
adulticiding n. (7/2)
bubble capital n. (7/2)
Iran-geles n. (7/2)
brown town n. (7/2)
boner dyke n. (7/2)
one and done n. (7/2)
 More catchwords...
Lexicographer's Rules
Call of nature (7/1)
Feedburner URLs that have huge accidental traffic (6/16)
I held Samuel Johnson’s 1755 dictionary in my hands (6/9)
New: doors are open for Wordnik.com, a dictionary that aims to show all the words (6/8)
Boohoo, wah, & diddums: words of fake sympathy (6/3)
My book is now available at no cost as an e-book download (5/25)
Jitterbug thug and dance (5/20)
The Fantods and the Cold Robbies (5/5)
A Conversation with Roy Blount Jr. (4/29)
Putting In A Good Word: rating words’ chances for success (4/27)
 More blog entries...
Find A Word  »
 A   B   C   D   E 
 F   G   H   I   J 
 K   L   M   N   O 
 P   Q   R   S   T 
 U   V   W   X   Y 
 Z   0-9 
Search
Search Site

Google Site Search
Recent searches: throw up… love-… love-…
New Comments
Featherwood0973 commented on featherwood (6/30)
garyvh commented on rexing (6/28)
JR commented on jam track (6/21)
ElasticMind commented on innerpreneur (6/20)
GlennT commented on fourwall (5/31)
RevRayGreen commented on medible (5/25)
OKSoldiers commented on Mortarville (5/21)
Lew Hollerbach commented on eyebrow window (4/24)
Ollie commented on rexing (4/22)
BeCareful commented on mouth-breather (4/22)
BeCareful commented on mouth-breather (4/21)
Ollie commented on rexing (4/21)
Jwalton commented on gonch (4/20)
Debride commented on gonch (4/20)
Jwalton commented on gonch (4/19)
Subscribe to the RSS feed. • Subscribe to the mailing list. • Browse the archive. • Add to Technorati Favorites. • © 1999-2009 by Grant Barrett, Double-Tongued Dictionary, New York City.