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aussportsbetting.com
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Definitions (70)
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Sports betting
a form of gambling that entails placing a wager on the outcome of a sporting event. The primary intent is to win additional money.
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Bookmaker (book
a company that offers betting odds and is licensed to accept wagers.
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Betting exchange
a service that provides a marketplace in which odds are set. Clients can back a bet at the available odds, or lay a bet and play the role of the bookmaker.
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Back
bet that an outcome will occur. For example, if you bet on Arsenal to beat Chelsea, you are backing Arsenal.
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Lay
bet that an outcome will not occur. For example you could lay a bet against Tiger Woods to win a golf tournament. Your lay bet wins if anyone except Tiger Woods wins, and loses if Tiger Woods does win [..]
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lÃÿ
bet that an outcome will not occur. For example you could lay a bet against Tiger Woods to win a golf tournament. Your lay bet wins if anyone except Tiger Woods wins, and loses if Tiger Woods does win [..]
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Single bet
a bet on a single outcome within a particular event or tournament. Examples include a bet on the Warriors to win the NRL Premiership, a bet on Federer to beat Nadal, and a bet on Dan Carter to score t [..]
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Multi bet (multiple
a bet that includes simultaneous selections on two or more outcomes for two or more events. If a least one of the outcomes does not occur then the bet automatically loses. The multi bet odds equal the [..]
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Fixed odds bet
a form of wagering where the punter knows the exact odds he/she will receive when they place a bet. The odds are fixed once the wager has been placed.
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Tote betting
a form of wagering in which all bets of a particular type are placed together in a pool. The “house-take” is removed, and the payoff odds are calculated by sharing the pool amongst all winning bets. I [..]
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