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How are Odds Determined: The odds are initially determined by the linesmakers or oddsmakers in Las Vegas. Remember what your mom used to ask you about following your friends off a cliff. If that favorite wins, bettors who put down $200 on the favorite to win would win $100 on top of getting their original wager back, so they would win a total of $300. To put it simply, more bets equals more earnings should you hit each leg of the parlay. So, in the example above, the Knicks have to win the game but the total points in the game ALSO has to be under 230. What is a First Five Bet? Similar to what we discussed above, with quarter and halftime bets, this is specific to baseball, but a first five bet is a bet on what will happen after the first five innings of the game. Bookmakers: They provide the markets and odds for you to choose from. Payout: The amount of money you receive if you win your bet. faux saint laurent bagchanel flap bag
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