Sports gambling odds

by Jerry "Jet" Whittaker
Nov 15, 2006
 

Sports gambling odds

There is a lot of gambling on this planet. You might be unfamiliar with lottery wheels. A problem in combinatory, buy n tickets for a lottery so that atleast one of the tickets will match three numbers. The typical payoff for machining is there. Most of the gambling theses days are a lack of creativity. Gambling varies from state to state, and country to country.

Some interesting facts

1. Seven of 10 U.S. adults placed some sort of wager in the last year.

2. According to the NCAA, 35% of male collage students bet on sports.

3. $600 billion changed hands last year worldwide because of gambling.

4. The online gambling industry generated $12 million in revenue in 2005.

5. Online sports’ betting is estimated to be 5 times bigger than Las Vegas sports betting.  Illegal sports betting are estimated to be 35 times bigger than Nevada.

6. Over 20 gambling companies are listed on non-U.S. stock exchanges. The bigger poker company has a market value of almost $9 billion. The biggest sports betting company has a market company value of almost $3 billion.

7. The biggest sportsbook employee over 2,000 people during football betting.

8. The MGM-Mirage has publicly lobbied to allow U.S. companies to take part in online gambling.

9. Gambling is entering mainstream corporate America is finalizing the purchase of fun technologies, which owns a majority interest in the Don best sports information company.

Compulsive gambling

Compulsive gambling can be progressive disorder causing a psychologically uncontrollable preoccupation and urge to gamble. Individuals eventually lose the ability to control the impulsive to gamble. This result in excessive gambling which can be compromise, disrupt or damage personal, family or employment pursuits. American Psychiatric Association as an impulsive control disorder recognizes it. Gambling is any betting or wagering for oneself or others, whether for money or not no matter how slight or significant, where the outcome is uncertain or depends on skill or chance. 

Gambling odds

The likelihood of an outcome occurring is stated in number form. The straight up outcome is typically the basis of the wager, without regard to a point spread. Odds are often stated as moneyline. Odds are strictly on the straight-up game outcome with no consideration for money spread. More money must be risked to bet the better team, less money on the weaker team.                                     

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