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Whereas negative (-) odds tell you what you have to bet on the favorite to winR$100, positive (+) odds tell you how much you'll win for everyR$100 you wager on the underdog. So, a team with odds of +120 would payoutR$120 for everyR$100 wager.

So, a bettor looking to winR$100 will riskR$180, while a bettor looking to winR$50 would wagerR$90. Remember the amount you wager remains with the sportsbook if your side loses, while a winning bet returns your winnings and initial investment.

How Does a Parlay Bet Work? A parlay in sports betting is when a bettor makes multiple wagers (at least two) and ties them into the same bet. If any bets in the parlay lose, then the entire parlay loses. However, if all wagers win, the bettor gets a bigger payout.

Charity gambling is a "form of incentivized giving" where a charity (or a group of charities), rather than a municipality or private casino, oversees gambling activities such as bingo, roulette, lottery, and slot machines and uses the proceeds to further its charitable aims.