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such as: If the bookmakers return share is 90%, ninety% of the amount put on the profitable end result will be specified again to bettors and 10% goes to your bookmaker. Naturally the more cash wager on a certain outcome, the more compact the odds on that end result come to be. This is comparable to parimutuel wagering in horse racing and Canine racing.
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Fixed-odds betting and Parimutuel betting usually happen at lots of kinds of sporting gatherings, and political elections. Also several bookmakers give fixed odds on a number of non-sports activities relevant outcomes, as an example the path and extent of movement of various economic indices, the winner of television competitions which include large Brother, and election effects.
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The bookmaker functions like a marketplace maker for sports wagers, a lot of which have a binary consequence: a workforce both wins or loses. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will make sure a profit whatever the outcome from the wager.
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