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It is done on various sports for various amounts of cash.
But the but the principle is normally the same; someone makes a prediction on the out come of a sports event like a football match either making a general prediction like team A is going to beat team B, or a specific prediction like team A is going win by three goals to one against team B.
the bettor bets a certain amount of money and depending on the outcome of the game he/she gets a payout.
A betting pool is a miniature version of this structure which you can do at work, or with a group of friends.
Sport betting pool is a variation of parimutuel betting which gets its inspiration from lotteries.
In a betting pool people each bet an equal amount into a pool, the bettor then makes a prediction on an outcome of a game.
The pool is eventually divided equally among those who would have predicted the correct outcome.
The difference between normal sport betting and a betting sports pool is that with a betting sports pool there are no odds as the amount you win depends solely on the number of winners and the number of people in the pool.
The betting pool was developed in 1923 by a man named Littlewoods Pools; were it derives its name.
Back then it was known as toto and was mostly used for football matches, but today it is now used for different kinds of sports.
Sports pools are the best choice especially if you are new to sport betting, because for one you are betting against your friends and not strangers, your chances of wining are higher since betting pools usually consist of very few gamblers.
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