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Find where to bet in your state! See Sportsbooks. Sports Betting. Betting Tools. It's been said that "Sports Betting" started in the 18th century and the main focus was on horse racing. Fast forward plus years and bettors can wager on a wide array of sporting events, with the most popular being football, basketball, soccer and the aforementioned horses.
Bettors were able to place wagers through illegal bookmakers, who were better known as "bookies. In the late s, Nevada casinos were able to legally accept bets on both horse racing and professional sports. The United Kingdom started taking legal sport bets in the early s. The online or Internet sportsbooks started popping up in the early s.
Since then, there have been hundreds of sportsbooks that provide odds and accept wagers on both horse racing and sports via the Internet. It is estimated that millions of americans wager approximately billion dollars each year. The point-spread or odds are created by oddsmakers and fluctuate based on the action received at each sportsbook. Straight wagers are common in football and basketball. Bettors must choose a team that will be the outright winner of the game or event. No point-spread is involved in these wagers but sportsbooks do adjust the price of the money-line based on the action received.
The Yankees are the favorites in the above example. Money-line bets are common in baseball, hockey and soccer. Bettors must choose as few as two teams and they need both selections to win for your parlay wager to be considered a WIN. Some sportsbooks will take up to team parlays but the most common parlay wagers are 2, 3 and 4-team parlays. Bettors can use both Straight and Money-Line selections in a parlay. Since it's harder to win more than one selections, bettors will receive a higher payout based on the number of selections chosen.
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