1.
boat racing (for betting)
Motorboat racing on which bets are legally placed; one of Japan's publicly run gambling sports.
With 競馬 (horse racing), 競輪 (bicycle racing) and オートレース (motorcycle racing), it is one of the publicly run gambling sports (公営競技), and part of the takings go to local governments. Six boats race three laps of a 600-meter course. The official brand name since 2010 is ボートレース, but 競艇 remains the everyday word.
Common collocations
Watch out
協定 (agreement) has the same reading and is unrelated.