Questions about the role(s) of betting in sports.

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Betting on even quotas

Assume that you want to bet for football game and the odds are as following: Victory Team 1: 2.30 No Winner: 3.00 Victory Team 2: 2.30 Is it correct, that in this case, the bookie considers both ...
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1answer
99 views

Before the season began, what odds did Vegas give the Orioles of winning the AL East in 2014?

Looking at various websites' pre-season predictions for the major league baseball teams, many at places like ESPN and MLB.com had the Red Sox and Rangers doing very well and the Orioles typically out ...
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1answer
72 views

What's the point of a half-point line?

In football betting, a "line" is provided by which the favorite team needs to win, in order for bettors to win that game. Sometimes the line is x.5 points. If it's impossible to gain half-points in ...
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2answers
129 views

How do NFL teams do in their last game if they have already clinched a playoff spot?

Do they tend to rest their good players so they don't have as many injuries going into the playoffs? Basically, I'm wondering if I should bet against teams with playoff locks if the matchup is ...
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0answers
77 views

Good resources for soccer statistics, news, etc? [closed]

I recently got $200 on a sports betting website as a gift from a friend, they have different sports but I am most interested in soccer. I have 0 experience in betting, and I also don't know much about ...
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1answer
2k views

Why do odds offered by the bookmakers tend to change rapidly during the last few minutes before the start of the game?

On several occasions, when checking odds offered by bookmakers, I have noticed that they have been changing rapidly as the time of the event get closer. (This was particularly noticeable during the ...
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1answer
418 views

How is potential profit from an arbitrage bet (a.k.a. surebet) calculated?

Arbitrage bet or surebet means betting on all possible outcomes in which you make profit independently on the result of the event. How exactly can I calculate whether given odds form an arbitrage and ...
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1answer
514 views

Win-Place-Show in Horse Racing

Horse racing (such as the Kentucky Derby) results usually contains the terms Win, Place, and Show, with the horse associated with each term. What is win, place, and show, and what significance does ...
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2k views

Is sport betting legal in Europe or America?

I tried to google, but could not get a clear picture. It is illegal in India to Bet on sports like cricket and football. Is it true that betting is not prohibited in USA or the European countries? I ...