Can sporting odds come out in your favour?
2 June 2008
Sporting odds in terms of betting are almost always designed to ensure that the payouts of wins and losses will end up leaving the bookmaker with a profit. This is achieved by balancing the sporting odds that will be paid out on a particular set of outcomes. Sports betting can have varying legalities depending on where it is taking place, but Australia has a well-established sports betting industry. The extremely professional nature of setting sporting odds in Australia makes it quite unlikely that a normal individual can ensure an overall win from events, but it is also far less prone to match fixes than many other jurisdictions.
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