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Some Types of Bets
Basic Wagering and Vigorish
A charge of 4.5% on the bets placed taken by the sports book on all money bet with bettors taking identical amounts on the underdog and favorite is known as Basic Wagering and Vigorish.
In a bet, where the bettor puts his wager on a team which he feels will win and is one of the more popular bets is called the straight bet.
A scenario where a bettor wagers that the two teams in football or basketball will jointly score either below or above a base number that is normally the addition of the points that both the teams are believed will score.
One can win a parlay only when one is able to gamble exactly on each game in that parlay which comes into existence upon considering wagers placed on multiple games as one wager.
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