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Essentially, sports betting can be categorized as a game of chance. It is frequently specified as the basic activity of anticipating results of the sports you are interested in by making a wager on the outcome of the sporting occasion. So, if for instance you have an interest in betting on football video games, your bets on the sport are most commonly put on the outcome of a single occasion or game. And, in essentially all contests, there is a favorite and an underdog.