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  2. Spread betting - Wikipedia

    en.wikipedia.org/wiki/Spread_betting

    Spread betting was invented by Charles K. McNeil, a mathematics teacher from Connecticut who became a bookmaker in Chicago in the 1940s. [5] In North America, the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker, with even money for either option.

  3. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'.

  4. Gambling - Wikipedia

    en.wikipedia.org/wiki/Gambling

    Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, ...

  5. Asian handicap - Wikipedia

    en.wikipedia.org/wiki/Asian_handicap

    Asian handicap betting is a form of betting on football in which teams are handicapped according to their form so that a stronger team must win by more goals for a bet on them to win. The system originated in Indonesia [citation needed] and gained popularity in the early 21st century. It is a form of spread betting. Handicaps typically range ...

  6. Sports betting - Wikipedia

    en.wikipedia.org/wiki/Sports_betting

    So a bet on a 3-point underdog at +3 will become a bet at +9.5 points, and for favorites, it will change a 3-point favorite at −3 to +3.5 points. Although the rules to win his bet are the same as a parlay, he is paid less than a regular parlay due to the increased odds of winning. If bets. An if bet consists of at least two straight bets ...

  7. NFL Week 13 betting: 7 best lines, props and more, including ...

    www.aol.com/sports/nfl-week-13-betting-7...

    Here's a look at Week 13 of the NFL season, including all three Thanksgiving games, from a betting perspective with all odds from BetMGM: Thanksgiving opener: Lions are big favorites.

  8. Card counting - Wikipedia

    en.wikipedia.org/wiki/Card_counting

    A bet ramp is a betting plan with a specific bet size tied to each true count value in such a way that the player wagers proportionally to the player's advantage to maximize bankroll growth. Taken to its conclusion, the Kelly criterion demands that a player not bet anything when the deck does not offer a positive expectation; "Wonging ...

  9. Football pools - Wikipedia

    en.wikipedia.org/wiki/Football_pools

    In 1946, Italy introduced a state-run pool for citizens to bet on football, called the Totocalcio. It was the only form of legalized football betting in the country until the late 1990s. For fans to win, they needed to correctly pick the outcome of 12 games. [42] A thirteenth game was added in 1951, and a fourteenth (but still called Thirteen ...

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