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Betting 101: What Is A Money Line Bet In Sports Betting?

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Parimutuel horse racing has been available since the 1940s under the auspices of the Arizona Department of Racing. The primary horse track in the state is the Turf Paradise race course just outside of Phoenix though there are several smaller tracks. For decades, parimutuel wagering was one of the few gambling outlets available in the state.

Whats Happening In Arizona Sports Betting Right Now

And we’re also, at least right now, going to beat them on basketball teams.

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For example, staking $100 to win $50 could scale down to staking $10 to win $5. The only exception is when both betting options are very close, and both have negative odds; in this case, the favorite has the number deeper within the negatives. If both odds are the same it means the sportsbook thinks both teams are evenly matched. Moneyline odds are expressed in the hundreds and always have a “+” or “-” in front of them.

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