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    Wagering

    • This piglix contains articles or sub-piglix about Wagering

    • Betting exchanges

    • This piglix contains articles or sub-piglix about Betting exchanges


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    • Betting systems

    • This piglix contains articles or sub-piglix about Betting systems


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    • Bookmakers

    • This piglix contains articles or sub-piglix about Bookmakers


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    • Numbers game

    • This piglix contains articles or sub-piglix about Numbers game


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    • Sports betting

    • This piglix contains articles or sub-piglix about Sports betting


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    • Wagers

    • This piglix contains articles or sub-piglix about Wagers


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    • Arbitrage betting

    • Betting arbitrage, miraclebets, surebets, sports arbitraging is a particular case of arbitrage arising on betting markets due to either bookmakers' different opinions on event outcomes or plain errors. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a pro ... Read »


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    • 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 punter betting on them to win. The system originated in Indonesia and has gained popularity in the early 21st century. It is a form of spread betting. Hand ... Read »


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    • Bar bet

    • A bar bet is a bet made between two patrons at a bar. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength. Some bar bets are intended to trick the other party into losing. Under contract law, bar bets may or may not be legally binding, and the ... Read »


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    • Betting in poker

    • In the game of poker, the play largely centers on the act of betting, and as such, a protocol has been developed to speed up play, lessen confusion, and increase security while playing. Different games are played using different types of bets, and small variations in etiquette exist between cardrooms, but for the most ... Read »


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    • Binary betting

    • Binary betting is a type of financial betting which displays the price of a bet as an odds index from 0 to 100 where the bet settles at 100 if an event happens and 0 if it does not. The greater the likelihood of an event happening the higher this price will be. A price of 91-93, for example, suggests the betting broker ... Read »


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    • Calcutta auction

    • A Calcutta auction is an open auction held in conjunction with a golf tournament,horse race or similar contest with multiple entrants. It is popular in backgammon, the Melbourne Cup, and college basketball pools during March Madness Bidding for each contestant begins in random order, with only one contestant being bid ... Read »


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    • Coherence (philosophical gambling strategy)

    • In a thought experiment proposed by the Italian probabilist Bruno de Finetti in order to justify Bayesian probability, an array of wagers is coherent precisely if it does not expose the wagerer to certain loss regardless of the outcomes of events on which he is wagering, even if his opponent makes the most judicious ch ... Read »


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    • The Dagenham Coup

    • The Dagenham Coup was an incident that took place at Dagenham Greyhound Stadium on 30 June 1964. The history of Dagenham Greyhound Stadium is dominated by one the most infamous moments in greyhound racing history that was given the name 'The Dagenham Coup' or 'Operation Sandpaper'. On 30 June 1964 the 4.05pm race that ... Read »


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    • Dutch book

    • In gambling, a Dutch book or lock is a set of odds and bets which guarantees a profit, regardless of the outcome of the gamble. It is associated with probabilities implied by the odds not being coherent. In economics, a Dutch book usually refers to a sequence of trades that would leave one party strictly worse off and ... Read »


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    • Each-way

    • An each-way bet is a wager offered by bookmakers consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the selection must win, or finish first, in the event. For the place part of the bet to give a return, the selection must either win or finish in one of the predeter ... Read »


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    • Financial betting

    • Financial betting refers to the wagering on the price development of a financial instrument at some later date relative to the current price or level of the instrument, against odds offered by a bookmaker. Maximum potential pay-off of the wager is known when the bet is taken and as a corollary risk is known beforehand ... Read »


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    • Fixed-odds betting

    • Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange. In Australia, the practice is usually known as "SP betting" It is customary with fixed-odds gambling to know the odds at the time of the placement of the wager (the "live price"), but the category al ... Read »


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    • Friendly political wager

    • A friendly political wager is a largely symbolic wager made between politicians representing two cities or areas on the outcome of an important sports contest between teams representing those same two cities or areas. These wagers are most commonly made in the United States and Canada on the results of playoffs in the ... Read »


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    • Full cover bet

    • A full cover bet is any bet which consists of all available multiple bets over a given number of selections. Examples of full cover bets: Examples of full cover bets with singles included: The Lucky bets are so named because of the bookmaker's practice of offering bonuses for one or more winning selections; most com ... Read »


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    • Funnies (golf)

    • Funnies are terms used during a game of golf to describe various achievements, both positive and negative. They are different from traditional expressions such a birdie, eagle, etc. in that they do not necessarily refer to strict scores, but to unusual events which may happen in the course of a game. They are constantl ... Read »


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    • Gambling and information theory

    • Statistical inference might be thought of as gambling theory applied to the world around us. The myriad applications for logarithmic information measures tell us precisely how to take the best guess in the face of partial information. In that sense, information theory might be considered a formal expression of the theo ... Read »


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    • Glossary of bets offered by UK bookmakers

    • This glossary of bets offered by UK bookmakers is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom. The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed-odds betting on football matches some punt ... Read »


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    • If bet

    • An if bet is a type of gambling bet that consists of at least two straight bets joined together by an if clause that determines the wager process. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, t ... Read »


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    • Kelly criterion

    • In probability theory and intertemporal portfolio choice, the Kelly criterion, Kelly strategy, Kelly formula, or Kelly bet, is a formula used to determine the optimal size of a series of bets. In most gambling scenarios, and some investing scenarios under some simplifying assumptions, the Kelly strategy will do better ... Read »


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    • Longitude LLC

    • Longitude LLC

      Longitude is a technology service provider to the financial and gaming industries. First established in 1999 to enable the trading of illiquid financial products using pari-mutuel principles, Longitude expanded its focus in 2010 to pursue opportunities in the sports betting and horse race wagering industries. Longitude ... Read »


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    • Matched betting

    • Matched betting (also known as back or lay bet matching, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. A typical return ... Read »


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    • 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 term 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 ... Read »


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    • Miraclebet

    • Miraclebets are a particular case arising on betting markets due to either bookmakers' different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor can guarantee to make a profit. As long as different Bookmakers are used for betting the Bookmaker ... Read »


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    • Money pump

    • In economic theory, the money pump argument is a thought experiment intended to show that rational behavior requires transitive preferences: If one prefers A to B and B to C, then one should not prefer C to A. Standard economic theory assumes that preferences are transitive. However, many people have argued that intra ... Read »


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    • Nassau (bet)

    • The Nassau bet gets its name from the Nassau Country Club on Long Island, where the format was invented in the early 1900s by club captain John B. Coles Tappan. The game also is known as "2-2-2", and "Best Nines." The Nassau is a type of bet in golf that is essentially three separate bets. Money is wagered on the bes ... Read »


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    • Odds

    • Odds are a numerical expression, usually expressed as a pair of numbers, used in both gambling and statistics. In statistics, the odds for or odds of some event reflect the likelihood that the event will take place, while odds against reflect the likelihood that it will not. In gambling, the odds are the ratio of payof ... Read »


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    • Over–under


    • Parlay (gambling)

    • A parlay, accumulator, or combo bet is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. I ... Read »


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    • Pascal's Wager


    • Progressive parlay

    • A progressive parlay is a joint wager on multiple events, for example team sports or horse races. Generally a progressive parlay involves a joint wager on four to twelve separate events. Should all the selected bets win, the bettor receives a relatively large payout, because of the sizable odds against this happening. ... Read »


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    • Proposition bet

    • In gambling, a "proposition bet" (prop bet, prop, novelty, or a side bet) is a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's final outcome. Proposition bets in sports are differentiated from the general bets for or against a pa ... Read »


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    • Risk premium

    • For an individual, a risk premium is the minimum amount of money by which the expected return on a risky asset must exceed the known return on a risk-free asset in order to induce an individual to hold the risky asset rather than the risk-free asset. It is positive if the person is risk averse. Thus it is the minimum w ... Read »


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    • Skin gambling

    • In video games, skin gambling is the use of virtual goods, which are most commonly cosmetic elements such as "skins" which have no direct influence on gameplay, as virtual currency to bet on the outcome of professional matches or on other games of chance. It primarily has occurred within the player community for the ga ... Read »


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    • Sports betting

    • Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, mixed martial arts, track cycling, and boxing at both ... Read »


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    • Spread betting

    • Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome will be ... Read »


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    • Starting price

    • In horse racing, the starting price (SP) is the odds prevailing on a particular horse in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations ... Read »


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    • Sucker bet

    • A sucker bet is a gambling wager in which the expected return is significantly lower than the wager(s). Variants include: For example, the chances of correctly guessing the order of the final 3 cards of Faro is usually 1 in 6, yet the bet only pays 4:1 or 5:1. Taking insurance in Blackjack is also often considered a ... Read »


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    • Teaser (gambling)

    • A teaser (or a "two-team teaser") is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win. A teaser is a type of wager used in sports betting, most commonly in b ... Read »


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    • Tote betting

    • The Tote is the only bookmaker in Britain which is allowed to offer parimutuel betting on horse racing. Other bookmakers offer a Tote service through syndication, while other bookmakers will accept a Tote bet and pay out on exactly the same terms as the Tote. The pooled bets offered by the Tote are: Win, Place, Exact ... Read »


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    • Vigorish

    • Vigorish, or simply the vig, also known as juice, under-juice, the cut or the take, is the amount charged by a bookmaker, or bookie, for taking a bet from a gambler. In the United States, it also means the interest on a shark's loan. The term originates from the Russian word for winnings, выигрыш v ... Read »


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    • Wholesale odds

    • Wholesale odds are the "real odds" or 100% probability of an event occurring. This 100% book is displayed without any bookmaker's profit margin, often referred to as a bookmaker's "overround" built in. The book price is effectively a measure of the competitiveness of the odds prices on offer. A "wholesale odds" index ... Read »


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    • You Bet!

    • You Bet! was a British game show based around the format of the German show Wetten, dass..? developed by Frank Elstner. You Bet! ran on ITV, mostly on Saturday nights but sometimes on Fridays, between 20 February 1988 and 12 April 1997, initially hosted by Bruce Forsyth from 1988 to 1990, then by Matthew Kelly from 199 ... Read »


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