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How Much Money Do People Win in Sports Betting?

How much money do people win in sports betting depends on the type of bets made and the odds used. For example, if you bet $100 on the Cowboys to win the game at -170 odds, you’ll get a payout of $270. On the other hand, if you bet $170 on the Cowboys to win the game at +150 odds, you’ll get a payout of $100. The exact payout depends on the skill of the gambler and the risk that they are willing to take.

While the number of people winning sports bets may vary by sport, some bettors are primarily sports fans. While they may not be professional sports bettors, they do earn a good living by placing wagers on games that they love. Some work part-time at sportsbooks while others are marginal employees in the casino industry. Despite the difficulty of the math, there is one simple rule that applies to all bets: you must bet enough to break even or profit.

A typical sports book lists teams with corresponding odds. A football game might have 12-1 odds and the Redskins might be 5-1. That means that a $10 bet on the Redskins would pay off $130. Another example is in a Super Bowl futures bet. You can bet on the Redskins or Cowboys, and your payout would be $130 if your team won the Super Bowl.

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