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  2. Odds compiler - Wikipedia

    en.wikipedia.org/wiki/Odds_compiler

    An odds compiler (or trader) is a person employed by a bookmaker or betting exchange who sets the odds for events (such as sporting outcomes) for customers to place bets on. . Apart from pricing markets, they also engage in any activity regarding the trading aspects of gambling, such as monitoring customer accounts and the profitability of their operati

  3. Oscar's grind - Wikipedia

    en.wikipedia.org/wiki/Oscar's_grind

    Oscar's Grind can be applied to non-even bets as well ("streets" in roulette or "doubling" in blackjack); one just has to keep track of the amount and increase the betsize after wins accordingly. There are also variations that try to reduce the variance by waiting for a couple of wins before increasing the betsize.

  4. Fixed-odds betting - Wikipedia

    en.wikipedia.org/wiki/Fixed-odds_betting

    Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring.

  5. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets.

  6. Sports betting - Wikipedia

    en.wikipedia.org/wiki/Sports_betting

    Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and ...

  7. 125 Funny Punishments for Lost Bet Games To Raise the Stakes

    www.aol.com/125-funny-punishments-lost-bet...

    90. Go to a busy spot and offer free hugs. 91. Eat an onion like an apple. 92. Get a makeover from the winner. 93. Ask a stranger for a selfie. 94. Perform a dramatic reading of a children's book. 95.

  8. Sports betting systems - Wikipedia

    en.wikipedia.org/wiki/Sports_betting_systems

    The network of bettors would then bet on games in which they had a statistical advantage (as determined by the software). Billy Walters, who was profiled on 60 Minutes, [1] was the most famous member of the group. [2] Sports betting systems have not always been well trusted or liked by bettors.

  9. Matched betting - Wikipedia

    en.wikipedia.org/wiki/Matched_betting

    The concept of matched betting requires an account with two or more bookmakers or betting exchanges where at least one offers the user a free bet. When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest ...