How Sports Gambling Winnings are Taxed

In America, we love to take risks, after all, with great risk comes great reward, right? So it is no wonder then why our nation employs a multi billion-dollar sports gambling industry. In 2012, the American Gambling Association reported that sports wagering in Nevada (where sports gambling is legal) totaled 3.45 billion. However, it was recently released by the National Gamblin...
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What does Betting Against the Spread Mean in Football?

Betting against the spread, or spread betting, involves placing a wager on the final conclusion of an event. However, this particular type of wager refers to several outcomes, not just a win or loss. It is used most often with sports games such as football. All football games have a betting line that points to one of the teams as the favorite to win and the other as the underdo...
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How the Zero Running Back Strategy Works

Winning at Fantasy Football is the perfect combination between knowledge, expertise, and luck. There is not one strategy that is hands down going to make you win in your league; however, there are strategies, such as the Zero Running Back strategy that are making a name for themselves, helping many people that used to do just okay at Fantasy Football, run away with the big priz...
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7 Sports Figures that Got Busted Betting Against Their Teams

Both professional and college sports have been riddled with scandals since the very beginning of their conception, and sports betting only created more incentive for athletes to break the rules. Point shaving occurs when athletes, either on their own or with a pro-gambler, will bet against his or her team and then ensure that the team does not cover the spread. In many case...
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What does the Football Over and Under Mean?

Over and under is a popular form of betting in football. A wager is made using a sportsbook, which will predict the outcome statistic for a particular game. It is generally concerned with the combined score of two different teams. A person will bet that the actual number will be higher or lower than the given statistic. In the over and under, the sportsbook maker tries to balan...
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