The Rant
betting
Submitted by Isaac90 » Fri 18-Nov-2022, 19:27Subject Area: General | 2 member ratings |
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Two of the most common sports betting terms are favorite and underdog, which are often the two sides to a bet that you can wager on.
The favorite is the one side, team, or outcome that has the higher probability of winning or happening. Due to the lower risk, the return from betting on the favorite is smaller.
The underdog has a lower probability of winning. Due to the higher risk, the return from betting on the underdog is bigger.
If both sides have the same chances of winning, then the odds can be even for both and is often referred to as a pick or pick’em.
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