Sport Betting - A Look At Betting On Sports

Sport betting involves placing a bet on who the person making the wager thinks will win in a sporting event

. There are many sporting events which can be bet on including football, basketball, baseball, hockey, soccer, horse racing, boxing, and mixed martial arts. These kinds of bets can be made either in person or online. If done in person, at a physical location, the place that conducts the betting is called a sportsbook. In the US, all 150 authorized sportsbooks are located in Nevada. With online sport betting, the bookkeeper can be located anywhere in the world, as can the people placing the bets.

After deciding to get into the world of sport betting, the first thing to look at will be the odds, which show the probability of a sporting event turning out one way or the other. When betting on a sport in Europe, the odds are shown using a decimal format. In the United Kingdom, the odds are shown in a fractional format. In the United States, the odds are shown in a moneyline format. The way moneylines work is by showing the odds on which team or participant is the more favored one to win and which one is the underdog.

Now that the internet has become so widespread across the world, now people don't even have to leave their house and travel to a Las Vegas casino to participate in sport betting. There are thousands of online casinos and sportsbooks that have popped up in recent years. In the United States, online sport betting, and online gambling in general, has been left mostly vague in terms of its legality. This is mostly because many online casinos and sports bookers have their operations setup outside the US. This has led some online sports books to not accept customers located inside the United States.

No matter where the sport betting takes place, whether online or not, there is always the concern that with money being involved on the outcome of an event, there is always a chance that the outcome could be rigged or predetermined. This is known as match fixing and has occurred before in pretty much any sport that a wager can be made on. Luckily, most sports leagues like the MLB, NFL, and NBA have come up with strict hard line stances that prohibit anyone involved in the league from placing bets on its events.

by: Troy Truman

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