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Business Essentials. Wealth Management. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts.
Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. A Look at Casino Profitability. Partner Links. Related Terms Currency Binary Option Definition A currency binary option is a way to make very short-term bets on exchange rates. Learn About Conditional Probability Conditional probability is the chances of an event or outcome that is itself based on the occurrence of some other previous event or outcome.
Martingale System Definition The Martingale system is a system in which the dollar value of trades increases after losses, or position size increases with a smaller portfolio size. Dutch Book Theorem Definition Dutch Book Theorem is a type of probability theory that postulates profit opportunities will arise when inconsistent probabilities are assumed in a given context.
Lump-Sum Distribution A lump-sum distribution is a one-time payment for an entire amount due, rather than payments broken into smaller installments. Form W-2G: Certain Gambling Winnings Form W-2G is a document showing how much an individual won from gambling activities and what amount, if any, was already withheld for taxes. Investopedia is part of the Dotdash publishing family.
Since betting lines change often, the line may be at one day and Even money lines rarely occur because a sports book will always find a way to give one team an advantage. Even Money. What is Even Money? Sporting Charts explains Even Money An even money wager exists as a means of representing how close two teams or competitors could possibly be matched in the eyes of bookmakers. Related Terms Bookmaker Bookie Sportsbook.