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A sucker bet is a gambling wager in which the expected return does not reflect the odds of winning, and is significantly lower. For example, the chances of correctly guessing the order of the final three cards in a game of Faro is usually 1 in 6, yet the bet only pays 4:1 or 5:1. The complexity of the game can disguise the nature of the odds ...
The Canton Bulldogs–Massillon Tigers betting scandal, which is recognized as the first major scandal in professional football history, unfolded after the 1906 Ohio League championship series. Canton Bulldogs coach Blondy Wallace and Massillon Tigers end Walter East were accused of conspiring to fix the series.
In making a bet where the expected value is positive, one is said to be getting "the best of it". For example, if one were to bet $1 at 10 to 1 odds (one could win $10) on the outcome of a coin flip, one would be getting "the best of it" and should always make the bet (assuming a rational and risk-neutral attitude with linear utility curves and have no preferences implying loss aversion or the ...
As the NFL heads into the final week of the regular season, here are three games that could offer bettors plenty of value. NFL Week 18 best bets: Three games with intriguing early lines Skip to ...
College football bowl season begins later this week. Check out these against-the-spread picks for some of the early games Best Bets for college football bowl games, Part 1: Troy, Fresno State ...
Spot-fixing is an illegal activity in a sport in which a specific aspect of a game, unrelated to the final result but upon which a betting market exists, is fixed in an attempt to ensure a certain result in a proposition bet. Examples include something as minor as timing a no ball or wide delivery in cricket or timing the first throw-in or ...
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In organized sports, match fixing (also known as game fixing, race fixing, throwing, rigging or more generally sports fixing) is the act of playing or officiating a contest with the intention of achieving a predetermined result, violating the rules of the game and often the law.