Wager Mage
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How often do the Underdogs win?

How often does the underdog win in the NBA? The underdogs have a 32.55% win rate over the past five seasons of the NBA regular season which means on average they win roughly once in every three games.

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The NBA sportsbooks will price up each game and on the moneyline, you get two options, you are either having a wager on the hosts to win or the team on the road to win. For betting purposes, because there are only two options, should the game finish in a tie and go to overtime then that is included in the wager, the team who wins the game outright including any overtime played. Each team will be given odds, the sportsbooks favorites will be given the negative value (-125 for example) whilst the underdogs are given the positive value (+125 for example). The favorites odds are how much you must wager to win $100, meaning odds of -125 would require a stake of $125 for you to make a $100 profit on your wager, a $125 wager would return $225, a $100 profit. The underdog odds are how much profit you would make from a $100 wager, for our example of +125, if you staked $100 and they won then you would get $100 + $125 = $225 back for a $100 profit. An easier way of understanding odds would be to convert the American Odds to Decimal Odds which are what is used on the NBA Picks page and can be done by the following calculations:

Negative Odds: 1 - (100 / Odds) = Decimal Odds

Positive Odds: 1 + (Odds /100) = Decimal Odds

For our examples, the favorites would be [1 - (100 / -125)] which is decimal odds of 1.80 and this simply means that for a successful wager, for each $1 you place, you will receive back $1.80. Finally, for the underdog, the calculation would be [1 + (125/100)] which works out as 2.25 and that means for every $1 wagered if successful would return a total of $2.25.

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What makes a bookie illegal?

Using a Local Bookie Is Extremely Illegal This is how all regulated land-based sportsbooks provide legal sports betting. With local bookies, since they are operating without a license, there are no taxes being taken from the transaction. This makes it illegal in another sense as tax evasion is a federal crime.

Local Bookies – Are Local Bookies Legal?

This page is dedicated to all of the local bookies in the United States that are taking sports bets. While most of our visitors will definitely appreciate what they read here, the local sports bookies currently taking bets in the back alley will not. Legal sports betting in 2023 continues to face the challenges of local illegal bookies. The truth is that if you are betting with a local bookie, you need to stop immediately, especially if they run an online website that advertises their business or is used to actually accept wagers. Now, this isn’t because we disapprove of local bookies in any way. We love sports betting, and anyone that supports the pastime (it’s a lifestyle, really) has our moral support. That said, it’s simply too dangerous for you, the bettor, to use a local bookie. Local bookies operate without licenses, often in areas that are actively hostile towards unregulated gambling. In other words, local bookies are not legal. In offering you odds on sporting events and accepting your bets, these bookies are breaking state and federal laws, and you could get caught up in some major unpleasantness dealing with them. It’s not worth the risk, especially since legal sports betting is available in all 50 states over the Internet, making it more convenient and secure to begin with. Legal sports betting can be done in many US sports betting states, but none of these ways involve your local bookie. There are both state and federal sports betting laws that prevent the use of an unlicensed, unregulated bookmaker, for good reasons. Here, we’ll talk about why you should not bet with a local bookie and give you some alternatives that you have available to you.

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