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Betting on sports is an intellectual bet between a player and a bookmaker: the player makes a prediction about a sporting event and bets money that the prediction will turn out to be correct. If the bet is correct, he gets his money back with a profit, if he loses the bet, he loses it.
The bookmaker gives each bet a coefficient (quotation) assessing the probability of this event. If the bet turns out to be successful (the player’s prediction is correct), the betting amount is multiplied by the odds offered by the online bookmakers VIC
- this is the size of the payout due for a successful bet.