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Betting is one of the oldest practices regarding the outcome of any event. The events are largely in the form of sports most of the time. Predicting the winner in any type of games or sports is based on tips by the experts of the game and the odds. There are online betting games through which the players can bet on various events like cricket, tennis, basketball, etc. There are regulations by various countries regarding betting on events. One of the oldest forms and still prevailing is horse betting.

The bets can be local or international regarding the outset of the event. The amount of money may vary from event to event and person to person. Rich or poor the person can bet on any event and eventually win or lose the bet.