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The bookmaker functions as being a marketplace maker for athletics wagers, the vast majority of that have a binary final result: a workforce either wins or loses. The bookmaker accepts both equally wagers, and maintains a unfold (the vigorish) which can ensure a financial gain regardless of the final result of your wager.
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Gamblers show several cognitive and motivational biases that distort the perceived odds of events and that affect their preferences for gambles.
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