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About Sports Betting
Sports betting as a lifestyle
Sports betting is the general term for forecasting the results of some sports events such as football (also known as soccer), American football, basketball, volleyball, hockey, horse racing, etc.
As a rule, supporters of authorized bookmarking think that it is like a hobby for some people. It adds the interest in sports competitions and in this way sports betting is beneficial for teams and individual players. In contrast, opponents are afraid that due to big money involved gambling can blur the boarders between real and fixed games and the true quality of sports games will be affected.
Odds
There are several formats for presenting odds:
• Decimal odds format (is also know as the European format) which is popular in Europe, Canada and Australia represent the ratio of complete pay-off to the stake. The even bet in this format is 2.00.
• Fractional odds format (some professionals call it the UK format) which is preferred in Great Britain represent the ratio of the sum which was won to the stake. The even bet in this format is 1/1.
• Money line odds format (most of US based sites name it "the American format") which is popular in the USA. Money line odds are the sum won a hundred stake if positive and the stake has to win one hundred if negative. The even bet in this format is 100.
Types of bets
• Propositional bets are placed on predicting the specific result of the match. For example, a bettor tries to predict the number of scored goals by a football team or some individual player.
• Parlays bets are a combinational bet which usually consists of several bets and in case of success the bettor get a big pay-off. Let’s look at the example. If you want to bet for the outcomes of five different football matches, you can include five different wagers in a five-team parlay. If you fail to predict even one outcome correctly, you lose your bet. But if you manage to predict correctly all the results you’ll get a large pay-off.