The term 'Betting Shop' is a British term for a place where people can go to place bets on various sporting events. The crossword solution for this term is 'TOTE', which is an acronym for 'Totalisator Agency Board'. This is a government-run organization that provides betting services in the United Kingdom. It is responsible for collecting and distributing money from bets placed on horse racing, greyhound racing, and other sports.