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Sports betting is an activity of predicting sports results
by making a wager on the outcome of a particular event. Much
like gambling, the legality and general acceptance of
sports
betting varies from nation to nation. Bookmaking is an
important aspect of sports betting, the general role of the
bookmaker is to act as a market maker for sports wagers
(people who bet on sports), most of which have a binary
outcome: a team either wins or loses. The bookmaker accepts
both wagers, and maintains a spread which will ensure a
profit regardless of the outcome of the wager.
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