Odds
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In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. The logarithm of the odds is the … Read More

Asian handicap
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An Asian Handicap is a sports betting term used to describe spread betting in football (soccer). Described as Asian because of its Eastern origins, the phrase has little else to do with the region. This form of soccer betting has … Read More

Arbitrage betting
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Betting arbitrage, 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. By placing one bet per each outcome with different betting companies, the bettor … Read More

Bookmakers
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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 … Read More

Tic-tac
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Tic-tac (also tick-tack and non-hyphenated variants) is a traditional method of sign language used by bookmakers to communicate the odds of certain horses. It is still used in on-course betting in the UK. A tic-tac man will usually wear bright … Read More

Gambling on horse races
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Tokyo Racecourse in Tokyo, Japan. One of the most widespread forms of gambling involves betting on horse races, most commonly on races between thoroughbreds or between standardbreds. Wagering may take place through parimutuel pools; or bookmakers may take bets personally. … Read More

Parimutuel betting
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(from the French language: pari mutuel, mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing … Read More