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Often, this payment method is called a wire or credit transfer. It can be defined as a transaction processed between two organizations. In this case, one organization would be a bank chosen by a player who wants to withdraw money, while a casino where he had got a prize would be a second participant of a transaction.
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But if Leonard pulls off the upset and wins, the bookmaker will take the $14,000 from the losing Louis bettors, pay $11,000 to the Leonard bettors, and keep $3,000 in profit. In this instance, those betting on Joe Louis are being asked to risk $700 to win $100, while Ray Leonard backers are risking $100 to win $550. You may also see a money line bet listed as “Money Line” or “ML” in different spaces. Typically during breaks in the action, sportsbetting sites will post in-game lines.
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