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Sports betting is predicting sports results and putting a bet on the result. The frequency of sports betting varies by culture, with most bets being made on club football, American football, basketball, baseball, hockey, track cycling, car racing, mixed martial arts and boxing for both amateurs and professionals. Sports betting can also cover non-sporting events, such as reality show contests and political elections, and non-human competitions such as horse racing, greyhound racing and illegal underground cock fights. It is not uncommon for sports betting sites to offer betting for entertainment events such as the Grammy Awards, the Oscars and the Emmy Awards.
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Sports bookmakers place their bets either legally, through a bookmaker / sports bookmaker or illegally through privately owned companies. The term "book" refers to the books used by payroll agents to track stakes, payoffs and debts. Many legal sportsbooks are available online and are operated over the Internet from various jurisdictions separate from the customers they serve. Typically, this serves to circumvent various gambling laws (such as the 2006 US Legislatures Legislation Enforcement Act for the US) in selected markets, such as the United States. Las Vegas, Nevada or gambling cruises through self-service kiosks. They take bets "in advance", which means that the weather has to pay for the sports bet before placing the bet. Illegal bookmakers can operate anywhere due to their business, but only need money to lose the bettor, and they do not need the money in advance, which makes them potentially debtors to the bookmaker. This creates a number of other criminal elements and thus promotes their illegality.
Sports betting has led to a series of scandals in sports that have affected the integrity of sports events through various acts, including point shots (players who influence the outcome by misses), spot fixing (a player's action is resolved), and bad calls from key events officials and the entire match fixing (the overall result of the event is fixed). Examples include the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose and former NBA referee Tim Donaghy. One of the biggest scandals concerns the 2002 NBA Championship games. Tim Donaghy reportedly played on the spreads for the games he ran. Following his trial, Tim Donaghy issued a statement to the public stating that one of the most controversial games in NBA history, the sixth game of the 2002 NBA Western Conference, was being manipulated.
The odds for different results of a single bet are given in either European format (decimal), British (partial) or American (moneyline). The European format (decimal quotas) is used in continental Europe, Canada and Australia. They are the ratio of the full payout to use in a decimal format. Decimal odds of 2.00 are a straight bet. The British bookmaker format (partial quotas) is used by British bookmakers. They are the ratio of the gained amount to the mission - the solidus "/" is pronounced "too", for example 7/1 "seven to one". Break odds of 1/1 are a straight bet. US odds are the amount won on a bet of 100 if it is positive and the bet required to win 100 on a negative bet. US odds of 100 are a straight bet.
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