Sports Betting Terms
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In these instances, you’ll have to do some quick math to see which form of oddsmaking promises a greater payout, if any. Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard’s chances of winning are much greater. If bettors collectively wager $14,000 on Louis, the bookmaker must also receive $2,000 in wagers on Leonard to cover his payouts. (more…)
