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Essentially, sports wagering can be classified as a game of chance. It is typically defined as the basic activity of forecasting outcomes of the sports you are interested in by making a wager on the result of the sporting event. So, if for instance you have an interest in betting on football video games, your bets on the sport are most commonly placed on the result of a single event or video game. And, in virtually all contests, there is a favorite and an underdog.
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