Wager | Sports Betting

Simon-Ehrlich wager

Saturday, October 10th, 2009

Julian L. Simon and Paul Ehrlich entered in a famous wager in 1980, betting on a mutually agreed upon measure of resource scarcity over the decade leading up to 1990.
The wager
Simon had Ehrlich choose five of several commodity metals. Ehrlich chose 5 metals: copper, chrome, nickel, tin, and tungsten. Simon bet that [...]
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 [...]
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 [...]
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, [...]
Sportsbook

Thursday, November 13th, 2008

A sportsbook (sometimes abbreviated as book) or a race and sports book is a place where a gambler can wager on various sports competitions, including football, basketball, baseball, hockey, soccer, horse racing and boxing. The method of betting varies with the sport and the type of game. The more prominent the [...]
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 [...]