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2. Parlay - Wikipedia

   en.wikipedia.org/wiki/Parlay

   Parlay. A parlay, accumulator (or acca ), combo bet, or multi is a single bet that links together two or more individual wagers, usually seen in sports betting. Winning the parlay is dependent on all of those wagers winning together. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or ...

3. Parimutuel betting - Wikipedia

   en.wikipedia.org/wiki/Parimutuel_betting

   Parimutuel betting. Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets.

4. Sports betting - Wikipedia

   en.wikipedia.org/wiki/Sports_betting

   Odds boards in a Las Vegas sportsbook. Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage ...

5. Progressive parlay - Wikipedia

   en.wikipedia.org/wiki/Progressive_parlay

   Progressive parlay. A progressive parlay is a joint wager on multiple events, for example team sports or horse races. Generally a progressive parlay involves a joint wager on four to twelve separate events. [1] Should all the selected bets win, the bettor receives a relatively large payout, because of the sizable odds against this happening.

6. Mathematics of bookmaking - Wikipedia

   en.wikipedia.org/wiki/Mathematics_of_bookmaking

   Decimal odds are a single value, greater than 1, representing the amount to be paid out for each unit bet. For example, a bet of £40 at 6 − 4 (fractional odds) will pay out £40 + £60 = £100. The equivalent decimal odds are 2.5; £40 × 2.5 = £100. We can convert fractional to decimal odds by the formula D = (b + a)⁄b.

7. Betting strategy - Wikipedia

   en.wikipedia.org/wiki/Betting_strategy

   Betting strategy. A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [1]

8. Gambling mathematics - Wikipedia

   en.wikipedia.org/wiki/Gambling_mathematics

   The mathematics of gambling is a collection of probability applications encountered in games of chance and can get included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, and it is possible to calculate by using the properties of probability on a finite space of possibilities.

9. Spread betting - Wikipedia

   en.wikipedia.org/wiki/Spread_betting

   Spread betting. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting . A point spread is a range of outcomes and the bet is whether the outcome will be ...