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Sports Betting
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Tuesday, 03 February 2009 08:07 |
Here on Casino Fan, we feature quite a few sports betting sites. But what does sports betting mean, exactly? Sports betting is the act of wagering money on the outcome of different events. These sites give you the ability to bet on a number of popular sports, including football, baseball, soccer and basketball. Since almost all of the domains are hosted in the UK, they also have game such as cricket, snooker, rugby and more. In addition, most sites also have an entertainment category where users could bet on award shows (Academy Awards, Grammys), the Olympics, reality TV competitions (American Idol, Celebrity Big Brother) and even politics.
On each sports betting site you can access a detailed overview of the sports, matches and teams. Before betting, it’s always smart to look at the background of each team in order to make an educated wager. Also, check out the odds which are presented in one of three ways: European format (decimal odds), UK format (fractional odds) or American format (moneyline odds). Decimal odds are most widely used. They translate to be the ratio of the full payout to the stake, in decimal format. Odds of 2.00 are an even bet. With fractional odds, they are the ratio of the amount won to the stake, meaning 1/1 is an even bet. Moneyline odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. For them, odds of 100 are an even bet.
Example:
Decimal Fractional Moneyline
1.50 1/2 -200
2.00 1/1 +100
3.00 2/1 +200
In 1994, the Amateur Sports Protection Act prohibited sports gambling in most states throughout the US. Today, only people in Delaware, Nevada and Oregon are legally allowed to participate.
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