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Definitions provided by betsbook

Bets in our interpretation represent a certain amount of commitment to the prediction of the outcome of an event in the imminent or even distant future.

Betting is the process of making those commitments and also a play or - for the professionals - work with uncertainties.

Betsbook (our team) shares knowledge, views, news, tools and other information in relation to the various online forms of organised action toward uncertainties no matter if it is played or handled for play money or real money or other benefits.

Exchanges are markets where bets or foreign currencies are traded among punters or traders

Gambling is taking or ignoring insane risks involving such potential losses as one cannot realistically afford.

House is a party that provides the infrastructure for betting on an event and takes a share of the stakes to cover its costs and to guarantee profitable operations.

Luck or bad luck is part of most games, which has to be kept in mind.

Players (customers) are persons putting their money at risk. They may play against each other (as in most card games) or against the house or the bookmaker.

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