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Bet, Beth, Beh, or Vet is the second letter of the Semitic abjads, including Phoenician bēt 𐤁 , Hebrew bēt ב , Aramaic bēṯ 𐡁, Syriac bēṯ ܒ and Arabic bāʾ ب . Its sound value is the voiced bilabial stop b or the voiced labiodental fricative v .
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, ...
In most cases, the favorite will have negative moneyline odds (less payoff for a safer bet) and the underdog will have positive moneyline odds (more payoff for a risky bet). However, if the teams are evenly matched, both teams can have a negative line at the same time (e.g. −110 −110 or −105 −115), due to house take.
The bet is on whether the "dared" person will make a given event happen. If the "dared" person accepts the bet, they will collect if they succeed or pay if they fail. For an example detailed in the book The Professor, the Banker, and the Suicide King , David Grey once bet Howard Lederer , a professional poker player who became vegetarian ...
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.
The Online Etymology Dictionary or Etymonline, sometimes abbreviated as OED (not to be confused with the Oxford English Dictionary, which the site often cites), is a free online dictionary that describes the origins of English words, written and compiled by Douglas R. Harper. [1]
A half (halftime) bet applies only to the score of the first or second half. This bet can be placed on the spread (line) or over/under. This can also be applied to a specific quarter in American football or basketball, a fewer number of innings in baseball, or a specific period in hockey. In-play betting. In-play betting, or live betting, is a ...