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This article discusses the kind of individuals who bet on sports events and the reasons they gamble. It describes different types of bets on sports occasions, how betting lines are set, and the chances and probabilities involved. It takes a look at in detail the problems in estimating the quantities of loan wagered illegally in this country, and, after explaining the nature of bookmaking operations, it concludes that overall dollar amounts bet with bookies are normally underestimated while the earnings of bookmakers is typically overstated.
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