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A brief out look on the topic:
Generally sport betting is an activity in which a wager is made on the outcome
of a sport on the basis of prediction of the sport result. If all the other
forms of gambling are considered then it can be observed that sport betting is
much more accepted & legalized in most parts of the world. Though there are
many nations where this activity is forbidden in general for example in North
America, while there are also many nations where sport betting is regarded as
a highly accredited profession, one perfect example may be the European Union.
The sport betting may or may not be universally accepted or legalized, just
because this activity is still fighting questions of its existence and facing
several other threats being regulated & not criminalized. Those who are in
favor regard it as a boon in terms of a popular hobby for the sports fans,
which may give an up rise in their interests benefiting the leagues, teams and
finally the players they bet on through higher attendances and increased
television audiences. While those who oppose states that the activity may
threaten and shatter the very integrity of various amateur and professional
sports, as several instances from history depicts numerous attempts of the
sport gamblers and betters to fix matches.
In simple terms book making may be defined as the profession of accepting the
sport wagers. Bookmakers usually offer different prices to different clients
considering their past betting record as a traditional means of increasing
their potential profit. It is a general belief among then bettors that most of
the bookmakers balance their action by adjusting their prices in order to gain
equal amounts of money from both sides. In reality bookmakers just attempt to
expand their bottom line in an attempt to ensure that the amount wagers on
both the sides are equal.
Types of sport betting:
Totals or over rounders are very common forms of wager available for the
sporting events are based on the prediction of the total score between the
competing teams in the game. Other popular forms of betting include
proposition, parlays, a run line, puck line or the goal line bets and the
future wagers. The proposition bets are wagers based on the specific out come
of a match such as guessing the number of goals scored by a player in a soccer
match. Parlays are multiple bets which offer rewards to successful bettor
large payouts. Run line, puck line or the goal lines are generally associated
with hockey, baseball and soccer and are alternative wagers to straight up
money line prices. The future wagers involve predictions based on the future
accomplishments of a specific player or a team.
Fandium serves up virtual sports betting, social network - Crain's Chicago Bu... 21 May 2013 at 3:08pm Fandium serves up virtual sports betting, social networkCrain's Chicago Business (blog)His Chicago-based company, Conor Sports LLC, just launched a mobile-gaming app with a social networking twist called Fandium. Players can download the game from iTunes, which allows them to buy virtual currency... Bills for election wagering, equity firm sports betting die in Nevada - Sport... 20 May 2013 at 7:46pm
Las Vegas Review-JournalBills for election wagering, equity firm sports betting die in NevadaSportingNews.comNevada holds a monopoly on sports wagering under a 1992 federal law, though that's come under fire by other states, including Nevada's East Coast gambling rival New Jersey. Brower's bill s... Windsor pushes for single-sports betting in Ottawa - Windsor Star (blog) 23 May 2013 at 7:46pm Windsor pushes for single-sports betting in OttawaWindsor Star (blog)The local Chamber of Commerce went to Ottawa Thursday to help push for what it considers a good bet: single sports wagering. Matt Marchand, president and CEO of the Windsor-Essex Regional Chamber of Commerce, stressed to lawmake... You can bet nothing will change with sports betting - Adelaide Now 23 May 2013 at 1:57pm You can bet nothing will change with sports bettingAdelaide NowIt is small change considering Australians spend $20 billion a year on all forms of gambling from pokie machines, to state-run lotteries to that annual flutter on the Melbourne Cup. Remarkably, sports betting - according to government... Stephen Conroy in secret sports bet talks with Channel 9 - The Daily Telegraph 22 May 2013 at 1:34pm Stephen Conroy in secret sports bet talks with Channel 9The Daily TelegraphThe Senator faces strong calls within Labor to more tightly control live sports betting on TV networks following an uproar about a reported $12.5 million advertising deal between Nine and bookmaker Tom Waterhouse to spruik...
Remember, you can beat the odds, but you can't beat the percentages.
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