A Betting Company is a business that allows individuals to place wagers on various events, such as sports games, horse races, or other competitions. These companies provide platforms, either online or in physical locations, where customers can bet on the outcomes of these events. They often offer different types of bets, including single bets, accumulators, and live betting options. To operate, a betting company typically requires a license from regulatory authorities to ensure fair play and consumer protection. They generate revenue by taking a percentage of the total amount wagered, known as the vig or juice. Popular examples of betting companies include Bet365, William Hill, and DraftKings.