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How does sports betting work?

Updated: 9/27/2023
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Wiki User

11y ago

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There are many ways that one can gamble on sports. Some types of sports bets are sport-specific, while others are common across most sports: moneyline, spread, totals.


See Sources and Related links for an article on Sports Betting: Game Rules & Strategy.

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11y ago
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12y ago

Financial betting works by a financial betting company making a prediction of the outcome for a event at a point in time in the future. The bet will be assigned a numerical value and you stake your amount of money per point.

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12y ago

"Football spread betting is a fairly easy concept to understand. Many beginner bettors use this system. When a game is nearing its play date, a point spread will be posted, based on the previous games won and lost by the teams involved. You can place a bet on either team and that team must win or lose by the point spread posted. You can also bet against the point spread, in which case you win if neither team wins or loses by those points."

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10y ago

If the horse wins first, then you collect the amount of the win payoff. If the horse wins any other place, you collect the money that was in that amount of the place payoff.

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