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The history of sports betting predates from about two millennia during the early form of the Olympics called Olympia among the Greeks. Then, the people would place wagers among themselves on the possible outcome of the Olympic Games. Gambling was furthered popularized in ancient Rome, with the Romans placing wagers on their famous gladiator fights. In the 17th century, betting took a new form with the rise of casinos in Italy.

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Sports betting involves predicting the possible outcome of a sports game and placing a wager on the prediction. The sports include; football, basketball, tennis, hockey, and even other non-human sports like horse-racing, dog-racing, etc. Today, people have gone further to bet on the winner of a political election, as well as the winner of a reality TV show.