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The legal gambling age in the U.S. depends on the jurisdiction and type of gambling. Generally, the legal age for sports betting and other casino gambling is 21, with activities such as the lottery, daily fantasy sports and horse betting commonly allowed at 18. However, there are many exceptions.

While 21 is the more common age limit, there are states in which you can bet on sports if you are at least 18 years old. Each state determines its own age requirement and there are some states with different age levels, depending on the location.

Traditional Odds in Online Horse Betting\n\n This is why 'odds-on' horses still give you a profit, so if your horse goes off at 4-5 this is basically 0.8 to 1 which is a negative, but you would still return your stake too. So a winningR$50 bet at 4-5 would return a total ofR$90, giving you a profit ofR$40.

For example, the favorite team to win the game could have a spread of -4.5. This means they must win by five or more points to cover the spread. The underdog for the game would be set at +4.5 which means they must lose by less than five points or win the game outright.