A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a "pool" (from which taxes and a house "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport, the vig is also known as juice, under-juice, the cut or the take, is the amount charged by a bookmaker, or "bookie", for taking a bet from a gambler?
Betting pool A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a "pool" (from which taxes and a house "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. (True parimutuel betting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.)
World Eightball Pool Federation The World Eightball Pool Federation is an international pool (pocket billiards) governing body overseeing international (principally Commonwealth) tournaments and rankings in a game variant, using unnumbered yellow and red balls, called "eight-ball pool" or "eightball pool" (sometimes simply called "eight-ball" or "eightball", which is ambiguous, as those terms generally refer to the numbered-ball, world-standardized game, often called American-style pool). WEPF competes for authority and membership with the World Pool-Billiard Association (WPA), which produces its own tournaments and slightly different rules under the game name blackball.