Fri. Jul 12th, 2019

Betting

Betting refers to the agreement between two parties over the outcomes of an event based on bets. The loser has to pay the agreed money to the winner of the bet. Even though the results can tamper with external forces, the unpredictability factor is what serves as a fueling factor for people to place their bets on. Betting odds define the probability of an event to occur and it helps parties work out the betting strategy that could be most fruitful.