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The bets are made directly with each other, with no bookmakers involved. The participants must bet in favor of the team that they represent; for instance, the mayor of Green Bay would only make a friendly wager of this sort on the outcome of a Green Bay Packers game by betting in favor of the Packers.
The most common forms of betting are:
Types of Sports Bets
Soccer. The most popular sport in the world is soccer, so it is no surprise to discover that the game is the global sport betted upon most. According to betting and sports data analyst Sportradar, around 70% of all worldwide legal and illegal betting comes from wagering on soccer.
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What are the easiest bets to win?
We'll cover the most popular bet types in the US.
Double chance bet: In this bet, you win money when any two from the three outcomes are obtained. It means, even draw match wins you money when you have placed money on the possibility of draw or lose. 1x2 betting with double chance proves easy when the strong team is meeting a weak team at home ground.