rebate shop n.— «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.» —“Horse...
whale n.— «In horseplaying parlance, Maury Wolff is a whale, one of the thousand or so professional bettors who collectively wager as much as $1.5 billion a year on thoroughbred races in the United States. He will not attend the Kentucky Derby at...
bleeding deacon n.— «“If anything is going to destroy A.A.,” says Dr. John Norris, a nonalcoholic physician, friend of Bill Wilson’s and for many years chairman of A.A.‘s board of trustees, “it will be what I call the ‘tradition lawyers.’ They find...