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Sport
Gambling Online
by Jerry "Jet"
Whittaker
Nov 9, 2006
About online gambling:
Online gambling is the general term used for gambling in
various sporting events through the Internet. The use of
Internet has revolutionized the concept of gambling and
betting online. Online sport gambling covers a wide
range of gambling options including online poker, online
casinos and online bingo etc. However the concept of
online gambling in sports is a little different from
these. The main aspects of
online sports
gambling are the bookmakers, betting exchanges and
the fixed odd gambling.
Online gambling and bookmakers:
The bookmakers are also known by the name of bookies or
turf accountants. Basically a bookmaker can be an
organization or an individual that takes the bets form
the bettors through the Internet and pay the winnings
depending upon the nature of the bets. Book making is
illegal in the United States with only Nevada as the
exception where it is legalized and regulated by law. In
other parts of the world like the United Kingdom it was
both regulated and illegal at the same time. Some
countries like Singapore and Canada has only legal
bookmakers that are state owned and operated.
Types of sports gambling available on the Internet:
In the
Internet thousands of bookmakers accept wagers on
sporting events around the world. The earnings of the
bookmaker depend on the commission that is being
regarded as the money kept in risk s less than the size
of the money of the bet placed. Some of the most popular
sporting events in America like football; basketball,
ruby, baseball, hockey, boxing and soccer are included
for placing bets and wagering using the Internet. On
these events the bookmakers generally offer two types of
bets that are called straight up or money line bet and a
point spread wager. Bookmakers in the United States
generally bet generally use money lines, which are
quoted in terms of the amount required to win $100 on a
favorite, or the amount paid for a $100 bet on an
underdog. Another very common type of sport gambling
available for popular sporting events involves
predicting the combined total score between the
competing teams in a game and such wagers are known as
totals or over/unders.
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