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Generally, sports wagering can be categorized as a game of chance. It is often defined as the general activity of anticipating results of the sports you have an interest in by making a wager on the result of the sporting occasion. So, if for example you have an interest in banking on football video games, your bets on the sport are most typically placed on the outcome of a single occasion or game. And, in essentially all contests, there is a favorite and an underdog.