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Pick 6
Tuesday, July 12th, 2011
A pick 6is a type of wager offered by horse racing tracks. It requires bettors to select the winners of six consecutive races. Because of the great difficulty in picking six straight winners, plus the number of betting interests involved, payoffs for successful wagers are quite high, sometimes in the millions of dollars. The pick [...]
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Daily double
Tuesday, February 10th, 2009
A daily double is a type of wager offered by horse and dog racing tracks. It requires bettors to select the winners of two consecutive races. Because of the increased diffculty of picking two straight winners, wining daily double bets often pay off at relatively high odds.The daily double was the first so-called “exotic” wager [...]
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Superfecta
Sunday, February 8th, 2009
HTML clipboardThe superfecta is a type of wager in parimutuel betting in which the bettor, in order to win, must pick the first four finishers of a race in the correct sequence. This is even more unlikely than a successful wager in the trifecta, which requires correctly picking the first three finishers in order, and [...]
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Over-under
Saturday, January 24th, 2009
An over-under or over/under bet is a wager in which a sportsbook will predict a number for a statistic in a given game (usually the combined score of the two teams), and bettors wager that the actual number in the game will be either higher or lower than that number. For example, in Super Bowl [...]
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Bookmaking
Tuesday, January 20th, 2009
Most people believe that bookmakers attempt to “balance” their action, by adjusting their prices so that they get the same amount of money on both sides of a game. Theoretically, the bookmaker’s only financial interest in the bets it accepts is the vigorish it takes from losing wagers, and it simply wants to ensure that [...]
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Types of bets
Tuesday, January 13th, 2009
Aside from simple wagers–betting a friend that one’s favorite baseball team will win its division, for instance, or buying a football “square” for the Super Bowl–sports betting is commonly done through a bookmaker. Legal sports bookmakers exist throughout the world (perhaps most notably in Las Vegas). In areas where sports betting is illegal, bettors usually [...]
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Fixed-odds gambling
Sunday, October 19th, 2008
Fixed-odds gambling is a form of gambling against odds offered by a bookmaker, an individual, or on a bet exchange. Calculating fixed odds It is customary with fixed-odds gambling to know the expected odds at the time of the placement of the wager (the “live price”), however this category also accommodates wagers whose price is [...]
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Bookmakers
Tuesday, October 14th, 2008
A bookmaker, bookie or turf accountant, is an organisation or a person that takes bets and may pay winnings depending upon results and, depending on the nature of the bet, the odds. Bookmaking may be legal or illegal, and may be regulated; in the United Kingdom it was at times both regulated and illegal, in [...]