Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
What is your optimal bet size? Mathematics justifies betting up to $1200 to try to win $100. But you don’t have to bet that much if you won’t be able to sleep with $1200 at
risk, or won’t be able to sleep after losing $1200. Problem 3
You have a pick that you think carries a twenty percent edge, but it’s a bet that pays 5:1. What is your optimal bet size? The ratio of the bet to the win is 1/5, which says to bet 1/5 of the MinWin. Twenty percent edge is four times the MinEdge, which says bet to
win four times that much. Multiplying four times 1/5 yields a bet size of 80 percent of the MinWin. Thus the optimal bet size is $80 to try to win
$400. Problem 4
You find Minnesota at 50:1 to win the Super Bowl, and you think the odds should be less than half that, so you figure your edge is about

CURRENT SUMMARY:
What is your optimal bet size? Mathematics justifies betting up to $1200 to try to win $100.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting. The excerpt talks about calculating the optimal bet size, mentioning that mathematics justifies betting up to $1200 to tr


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Multiply your MinWin by 20 to reflect your huge edge, and then divide by 50 to reflect the odds on the bet. The result is to bet an amount
equal to 40 percent of your MinWin, or $40 to try to win $2000. Problem 5
The typical two-team parlay pays 13:5. For a MinWin of $100 and a two-team parlay that promises the MinEdge, how much should be
wagered on the two-teamer? Divide your MinWin by 13/5 to reflect the odds on the bet. The answer is to bet an amount equal to 5/13 of your MinWin, or about $40 to try to
win $104. Problem 6
The typical three-team parlay pays 6:1. For a MinWin of $100 and a three-team parlay that promises the MinEdge, how much should be
wagered on the three-teamer? Divide your MinWin by 6 to reflect the odds on the bet. The answer is to bet an amount equal to 1/6 of your M

CURRENT SUMMARY:
Multiply your MinWin by 20 to reflect your huge edge, and then divide by 50 to reflect the odds on the bet. The result is to bet an amount
equal to 40 percent of your MinWin, or $40 to try to win $2000.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting. The excerpt talks about calculating the optimal bet size using specific formulas involving the Minimum Win Amount (MinWin


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The Internet has changed many things over the years including sports betting. Laws governing whether local citizens can bet on the Internet
continue to evolve. This chapter is written for people who can gamble legally on the Internet. Some Internet sportsbooks let you bet on the Academy Awards, political races, whether the stock market will go up or down, and other events
that Nevada’s sportsbooks don’t book. Legality of Internet Sportsbooks
Internet sportsbooks are legal in many countries. Unfortunately, the United States is not one of those countries. Legally in the United States, sports wagers can be placed in only one of the 50 states: Nevada. Bets may not be telephoned across state
lines. The United States law that covers wagering by telephone is known as the “Wire Act.”
Sec. 1084.

CURRENT SUMMARY:
The Internet has changed many things over the years including sports betting. Laws governing whether local citizens can bet on the Internet
continue to evolve.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's tackle this step by step. The user has provided a query asking to refine a knowledge card for a sports betting document. They've included an excerpt from a chapter discussing the legal


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Bets may not be telephoned across state
lines. The United States law that covers wagering by telephone is known as the “Wire Act.”
Sec. 1084. Transmission of wagering information; penalties
(a) Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in
interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or
for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for
information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both
— The Wire Act, in Chapter 50 of Part 1 of Title 18 of the

CURRENT SUMMARY:
Bets may not be telephoned across state
lines. The United States law that covers wagering by telephone is known as the “Wire Act.”
Sec.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting. The excerpt talks about the Internet changing sports betting, specifically mentioning that while online sports betting is


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Transmission of wagering information; penalties
(a) Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in
interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or
for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for
information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both
— The Wire Act, in Chapter 50 of Part 1 of Title 18 of the United States Code
I am not a lawyer, and am not going to attempt to explain the Wire Act. As is true with any law, what the Wire Act means i

CURRENT SUMMARY:
Transmission of wagering information; penalties
(a) Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in
interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or
for the transmission of a wire communication which entitles the recipient

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting. The excerpt talks about the Wire Act, which is a U.S. law related to sports betting. It mentions that placing bets or wag


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
As is true with any law, what the Wire Act means is whatever courts
decide it means, and new court decisions can modify the meaning of the Act. My whole purpose for mentioning it here is to let you know that there
currently is a US law against accepting interstate or foreign sports bets by telephone. The Wire Act has been applied only to sportsbooks, and not
to customers of sportsbooks. The legality of Internet sportsbooks accepting bets from inside the United States is evolving. The major problem facing the US Congress in
regulation of Internet gambling is lack of jurisdiction outside of the United States. The United States has no right to tell any other country how to
conduct its internal affairs, including what to do about gambling. The Unlawful Internet Gambling Enforcement Act (UIGEA)

CURRENT SUMMARY:
As is true with any law, what the Wire Act means is whatever courts
decide it means, and new court decisions can modify the meaning of the Act. My whole purpose for mentioning it here is to let you know that there
currently is a US law against accepting interstate or foreign sports bets by telephone.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to understand this knowledge card about sports betting. The excerpt talks about the Wire Act and its implications on sports betting in the United States. It mentions that the Wire


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law on 13 October 2006 as Title VIII of the SAFE Port Act of 2006. The UIGEA affects residents of the United States by prohibiting the transfer of funds from a financial institution to an Internet gambling site. The UIGEA has had a chilling effect on sports betting by Americans. Many Americans who previously enjoyed betting sports on the Internet
stopped making those bets. Many Internet casinos and sportsbooks stopped accepting bets from people with USA addresses. This chapter was written before the UIGEA was passed, and the UIGEA limits its value to Americans. I thought about deleting this chapter
from the 2009 edition of the book, but decided to keep it in case the UIGEA is modified or repealed. To cope with the fact

CURRENT SUMMARY:
The Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law on 13 October 2006 as Title VIII of the SAFE Port Act of 2006. The UIGEA affects residents of the United States by prohibiting the transfer of funds from a financial institution to an Internet gambling site.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to understand this knowledge card about sports betting, specifically focusing on the Unlawful Internet Gambling Enforcement Act (UIGEA). The excerpt explains that the UIGEA was sig


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
To cope with the fact that it currently is illegal for them to accept bets from all over the United States if they were operating from within the
United States, Internet sportsbooks all are entirely offshore. Their computers, employees, financial transactions, and physical location are in a
country or countries other than the United States. You can access their betting lines through the Internet. If you place bets with them, they
consider those bets as having been made at their place of business and not at your physical location. Nevada’s sportsbooks would compete for Internet betting action if they could. Currently they do not do so because of the Wire Act and the

CURRENT SUMMARY:
To cope with the fact that it currently is illegal for them to accept bets from all over the United States if they were operating from within the
United States, Internet sportsbooks all are entirely offshore. Their computers, employees, financial transactions, and physical location are in a
country or countries other than the United States.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to understand this knowledge card about sports betting, specifically focusing on how Internet sportsbooks operate despite legal restrictions. The excerpt explains that Internet spo


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Betting Online
Different sportsbooks have different setups for placing a bet. One important thing to know is your last opportunity to correct a mistake. There
will be a verification step saying something like, “Please verify that you are betting $55 to win $50 on Denver +3.” Check it. Once you confirm the
bet, you are locked in on it, even if it was not what you wanted. For bets on favorites, most sites want you to type in the amount you want to win in the wager block, not the amount you will actually wager. In
other words, if the odds are -110 and you want to bet $55 to win $50, normally, you will type in $50. The sportsbook’s computer will automatically
add the $5 and then will ask you to confirm. Internet casinos differ in what they offer. Some of them do not even accept bets on sportin

CURRENT SUMMARY:
Betting Online
Different sportsbooks have different setups for placing a bet. One important thing to know is your last opportunity to correct a mistake.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to understand this knowledge card about sports betting, specifically focusing on how people bet online. The excerpt explains that different sportsbooks have different setups for pl


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Others offer a wide variety of proposition
bets, teasers, and parlays. If you are a member of a group that looks for worthwhile sports bets, you will occasionally learn about customerfavorable prop bets that you otherwise may have overlooked. If you want to take advantage of opportunities like that, you will want to have access
to Internet sportsbooks that offer a wide range of bets. If you decide to bet sports on the Internet, you probably will want to open accounts at several sportsbooks so as to be able to shop lines. Even if you want to make a bet on an event that has the same line at every sportsbook, there often are differences from book to book as to
terms offered. If two sportsbooks both offer your team at -3 but one book will take your bet for -105 and the other wants -110, you kn

CURRENT SUMMARY:
Others offer a wide variety of proposition
bets, teasers, and parlays. If you are a member of a group that looks for worthwhile sports bets, you will occasionally learn about customerfavorable prop bets that you otherwise may have overlooked.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting, specifically focusing on how people can find good bets. The excerpt talks about other sportsbooks offering a variety of p


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
In addition, on the Internet you will find some bets that are not
available in Nevada. Only on the Internet will you find “betting exchanges,” which offer you the opportunity to bet on anything for which you can
find someone somewhere to bet against you, with the winner paying a commission that is the equivalent of making the bet at -105. You should spend some time getting acquainted with what each particular sportsbook has to offer, so that if you get a hot tip on a certain prop
bet, you will know the most likely site to find that bet. Or if you have found a good opportunity to bet a teaser, you will know which sportsbooks
offer that option to you at the best terms. You will also want to know beforehand the process for making those bets at that particular sportsbook, so
that you are not t

CURRENT SUMMARY:
In addition, on the Internet you will find some bets that are not
available in Nevada. Only on the Internet will you find “betting exchanges,” which offer you the opportunity to bet on anything for which you can
find someone somewhere to bet against you, with the winner paying a commission that is the equivalent of making the bet at -105.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to understand this knowledge card about sports betting, specifically focusing on what's available online that's not available in Nevada. The excerpt mentions that on the Internet,


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
On teasers, for example, generally ties push, but in a particular sportsbook ties might lose. Bonuses
Sign-up Bonuses
Many Internet sportsbooks offer sign-up bonuses. These can be quite lucrative themselves. Competition for sports betting dollars is stiff, so
the Internet sportsbooks offer these bonuses to entice you to play with them instead of their competitor. They know that a competing sportsbook is
only a mouse click away. A common bonus offer is a 20 percent bonus for deposits up to $1000. This is $200 of free money when you make a deposit of $1000 (well
mostly free. There are some restrictions that I will address). You open the account and after making a $1000 deposit, your account will have
$1,200 in it. These bonuses are normally for your initial deposit at that sportsbook only, a

CURRENT SUMMARY:
On teasers, for example, generally ties push, but in a particular sportsbook ties might lose. Bonuses
Sign-up Bonuses
Many Internet sportsbooks offer sign-up bonuses.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting, specifically focusing on the use of sign-up bonuses. The excerpt explains that many Internet sportsbooks offer sign-up bo


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Once you are
on the sportsbook’s mailing list, however, you may start to get bonus offers in your email or home mailbox. A significant amount of bonus money can be made by opening accounts at many different sportsbooks and getting the bonus payoffs. Frequently only the first deposit receives a bonus. If you do not have enough money to receive the maximum bonus, you may want to delay
opening an account at that sportsbook. For example, if you can get a 10 percent bonus on a deposit of up to $1000, and you will get a bonus on
only your initial deposit, you may want to wait to sign up until you can deposit the full $1000. A common practice of Internet sportsbooks is to require the money to be wagered a certain number of times to qualify for a bonus. The
requirements can vary from one time to t

CURRENT SUMMARY:
Once you are
on the sportsbook’s mailing list, however, you may start to get bonus offers in your email or home mailbox. A significant amount of bonus money can be made by opening accounts at many different sportsbooks and getting the bonus payoffs.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to understand this knowledge card about sports betting, specifically focusing on the use of bonuses to attract users. The excerpt explains that once users are on the sportsbook's m


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A common requirement is for you to make bets of at least three times the deposit. If
you deposit $1000 and receive your $200 bonus, you may not cash out until you have made at least $3000 in wagers. Another common practice is to require the money to remain in the account for a certain length of time, usually one month, to qualify for a
bonus. If you do not bet enough or do not leave your money on deposit long enough, you will not receive the bonus. You can find out the requirements prior to depositing any money. Do not give the impression of signing up just for the bonuses. If you win money from the sportsbook, you might be identified as a less-thandesirable customer. You don’t want to also be identified as a bonus hustler. You don’t want that sportsbook to refuse your future bets. Take as

CURRENT SUMMARY:
A common requirement is for you to make bets of at least three times the deposit. If
you deposit $1000 and receive your $200 bonus, you may not cash out until you have made at least $3000 in wagers.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting, specifically focusing on the requirements for bonuses. The excerpt explains that sportsbooks often require customers to m


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Take as
much bonus money as you can, but do so in a manner such that anyone scrutinizing your account will not think you are abusing the bonuses. Tips on accomplishing this are presented later in this chapter. Referral Bonuses
Most sportsbooks will give 10 to 20 percent of your initial deposit as a bonus to someone who referred you. If you want to take advantage of
this bonus but don’t know anyone else who bets sports online, then visit some sports-betting-discussion sites online and make some contacts. You might be able to find someone who will split the referral bonus with you 50/50. What happens with referral bonuses is Person X tells you about a sportsbook website. You open an account, and when they ask, “How did
you hear about us?” you type in or click on “friend.” You then must send

CURRENT SUMMARY:
Take as
much bonus money as you can, but do so in a manner such that anyone scrutinizing your account will not think you are abusing the bonuses. Tips on accomplishing this are presented later in this chapter.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting, specifically focusing on how to use referral bonuses effectively. The excerpt talks about getting as much bonus money as


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You open an account, and when they ask, “How did
you hear about us?” you type in or click on “friend.” You then must send an email to that sportsbook’s customer-service department giving Person
X’s customer ID number for that website. If the sportsbook has a 10 percent referral bonus, which is most common, and you deposit $1000, $100
will be added to Person X’s account. If the sportsbook offers both a 10 percent referral bonus and a 20 percent deposit bonus, then a total of
$3000 in bonus money is given out for a $10,000 deposit. Running an Internet sportsbook must be awfully lucrative. One problem with having a referral is that it ties you to the other person in the sportsbook’s computer. People have been banned from
particular sportsbooks due to winning too much money. If the person who

CURRENT SUMMARY:
You open an account, and when they ask, “How did
you hear about us?” you type in or click on “friend.” You then must send an email to that sportsbook’s customer-service department giving Person
X’s customer ID number for that website. If the sportsbook has a 10 percent referral bonus, which is most common, and you deposit $1000, $100
will be added to Person X’s account.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's break this down. The user provided a detailed thought process where they were refining a knowledge card about sports betting, specifically focusing on how to use referral bonuses effect


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If the person who received a bonus for referring you is subsequently banned for winning
too much money, then you may find yourself unwelcome at that sportsbook as well. Eddie Dingle says: “It’s generally a good idea for professional/winning sports bettors to not worry about referrals, unless it’s at a rock-solid
book like The Greek.”
Match-Play Bonuses
Not all bonuses are identical; you can find out the type of bonus you are to receive beforehand. Some sportsbooks offer so-called “matchplay bonuses” rather than simply adding the bonus cash to your regular account. What Internet sportsbooks call a match-play bonus is money that
is deposited into a account separate from your regular account. The match-play money can be wagered once only, win or lose. Winnings from
match-play bets go into you

CURRENT SUMMARY:
If the person who received a bonus for referring you is subsequently banned for winning
too much money, then you may find yourself unwelcome at that sportsbook as well. Eddie Dingle says: “It’s generally a good idea for professional/winning sports bettors to not worry about referrals, unless it’s at a rock-solid
book like The Greek.”
Match-Play Bonuses
Not all bonuses are identical; you can find o

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's try to tackle this query. So, the user is asking me to refine a knowledge card for a sports betting document. They provided a specific excerpt and the current summary, and they want it


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
On ties, the match-play bet is
returned to the match-play account to be bet again. What Internet sportsbooks call match-play money is not the same thing as what land-based casinos call match play in that Internet
sportsbooks do not require you to match the match-play money with real money. Here’s how the match-play system works at most places. Let’s say you find a sportsbook that offers a 25 percent match-play bonus on a
$1000 deposit. Once your deposit is made, you must wager a certain number of times your deposit (1X, 2X, 3X, 5X, etc.) and then you will receive
the match-play money, which in this case would be $250. (Non-match-play bonus money is generally added first, but cannot be withdrawn until
the required wagering is done, while match-play bonus money is not normally added until af

CURRENT SUMMARY:
On ties, the match-play bet is
returned to the match-play account to be bet again. What Internet sportsbooks call match-play money is not the same thing as what land-based casinos call match play in that Internet
sportsbooks do not require you to match the match-play money with real money.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, I need to help refine a knowledge card based on the provided excerpt. Let's start by reading the excerpt carefully to understand the key points.

The excerpt talks about match-play bonuses in sp


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Once your deposit is made, you must wager a certain number of times your deposit (1X, 2X, 3X, 5X, etc.) and then you will receive
the match-play money, which in this case would be $250. (Non-match-play bonus money is generally added first, but cannot be withdrawn until
the required wagering is done, while match-play bonus money is not normally added until after you have made the required amount of wagering. This is not set in stone, however, and you should check with the sportsbook and know up-front its particular guidelines.) You now have a new
“bonus” account with $250 in it and let’s say that after all the wagering you did, you now have $1400 in your “real” account. You now want to use your match-play bonus money, so you wager $110 on Green Bay +3, for example. If Green Bay covers, then

CURRENT SUMMARY:
Once your deposit is made, you must wager a certain number of times your deposit (1X, 2X, 3X, 5X, etc.) and then you will receive
the match-play money, which in this case would be $250. (Non-match-play bonus money is generally added first, but cannot be withdrawn until
the required wagering is done, while match-play bonus money is not normally added until after you have made the required amount of

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting, specifically focusing on match-play bonuses. The excerpt talks about how match-play bonuses work, including the process o


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If Green Bay covers, then your new
“real account” will now have $1500 in it and your match-play account will have $140. If Green Bay does not cover, then your “real account” will
remain unchanged at $1,400 but you will have lost $110 from your match-play account and will be left with the same $140 as if you had won. If
Green Bay loses the game by exactly 3 points, both your “real account” and bonus account will remain unchanged at their respective $1400 and
$250 amounts. (Again, these policies could vary.)
It is clear to see that match-play money bonuses are not as valuable as real-money bonuses, dollar per dollar. If one place is offering a 20
percent money bonus, and the other is offering a 20 percent match-play bonus, your profit is greater on the former. Betting match-play money on a -

CURRENT SUMMARY:
If Green Bay covers, then your new
“real account” will now have $1500 in it and your match-play account will have $140. If Green Bay does not cover, then your “real account” will
remain unchanged at $1,400 but you will have lost $110 from your match-play account and will be left with the same $140 as if you had won.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's break down what the user is asking for here. They've provided a detailed history of their interactions with a knowledge assistant, where each time they present a specific excerpt from a


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The next section is a tip on how to squeeze
the most value out of match-play bonus money. You might make at least one phone call to an Internet sportsbook prior to making your first deposit. Generally you can open the account (with
no funds) and then call. Ask the sportsbook what kind of bonuses are offered, and what they are worth. Get all the details and write them down. Talking to someone on the phone solidifies things for you. You can ask for and write down the name of the person you are speaking to. Bonus For One Bet Only
You might encounter a bonus that can be bet once only. Winnings are credited to your account, but you cannot rebet the bonus. The bonus is
good for one bet, win or lose, after which it disappears. If a bonus is good for one bet only, win or lose, then you are better

CURRENT SUMMARY:
The next section is a tip on how to squeeze
the most value out of match-play bonus money. You might make at least one phone call to an Internet sportsbook prior to making your first deposit.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to understand this knowledge card about sports betting, specifically focusing on match-play bonuses. The excerpt talks about how to maximize the value of match-play bonus money


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Of course first read the terms to be sure the amount you win is not restricted, for example to even-money payoffs. In a casino, for example, a bet-once-only coupon is much more valuable when bet at 35:1 on one number straight up at roulette than on an
even-money bet at craps or blackjack. Bet one number straight up per spin to get 92 cents of value from the average bet-once-only bonus dollar,
compared to 49 cents of value at an even-money wager. The most profitable use of a bet-once-only bonus in a sportsbook is a three-team parlay. The problem with parlays involving more than three
teams is the higher vig offsets the value of a higher winning payoff. The higher vig built into futures bets, particularly long shots, is also why they
are inferior to three-team parlays. On three-team parlays

CURRENT SUMMARY:
Of course first read the terms to be sure the amount you win is not restricted, for example to even-money payoffs. In a casino, for example, a bet-once-only coupon is much more valuable when bet at 35:1 on one number straight up at roulette than on an
even-money bet at craps or blackjack.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to understand how to extract the most important information from this sports betting excerpt. The excerpt talks about a "bet-once-only" bonus and how it's more valuable when used i


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
On three-team parlays with coin-flip picks, a bet-once-only bonus is worth 75% of face value. Compare that to the 48% of face value a betonce-only bonus is worth on a straight bet to understand why I recommend three-team parlays. Affiliate Bonuses
If you run a non-US website and would not mind displaying gambling ads on it, ads for Internet casinos and sportsbooks can be profitable. The UIGEA dried up Internet-casino ad opportunities for US websites. Many sportsbooks offer affiliate programs; the website owner gets a percentage of the deposits or net losses of customers signing up through
links on the website. There is nothing stopping you from receiving the benefit of clicking on an ad on your own website, but Bill Haywood, author of
BeatWebCasinos.com, cautions against it; see his words

CURRENT SUMMARY:
On three-team parlays with coin-flip picks, a bet-once-only bonus is worth 75% of face value. Compare that to the 48% of face value a betonce-only bonus is worth on a straight bet to understand why I recommend three-team parlays.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let me try to figure out how to approach this. So, the user has given me a conversation history where they've been refining a knowledge card about sports betting, specifically focusing on mat


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you are considering betting on the Internet, read Haywood’s book before you start. BeatWebCasinos.com explains various ways you can
get an edge, explains various way you can be victimized, and lists numerous sources of information on the reliability of Internet casinos and
sportsbooks. Personally, I would not recommend that webmasters click through and play ads on their own sites, or at least not without caveats. If a
casino or sportsbook is smart, it will not allow this at all because it gives the skilled player a positive EV. Even if a sportsbook allows it, it is
high profile and might become one part of a series of grievances. Webmasters at small sites should be especially careful — the number of clickthroughs may not be enough to counterbalance the insult
of skilled betting. Even mo

CURRENT SUMMARY:
If you are considering betting on the Internet, read Haywood’s book before you start. BeatWebCasinos.com explains various ways you can
get an edge, explains various way you can be victimized, and lists numerous sources of information on the reliability of Internet casinos and
sportsbooks.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting, specifically focusing on the use of match-play bonuses and how to effectively utilize them. The user has provided several e


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Of course, this is all assuming advantage play. If you are a gambler, they’d love to have you, and some even offer to pay affiliate fees in
the form of casino credits.
— Bill Haywood, author of BeatWebCasinos.com
Depositing Funds
You must get money to the sportsbook somehow in order to place bets. How you get money in and out is an area that is undergoing rapid
change. Ask on Internet websites to find funding options. What you are looking for is called an “e-wallet.”
Such businesses have come and gone. The US government has effectively pressured banks to block use of credit cards to fund online
gambling. Paypal was once the e-wallet of choice for Internet gamblers, but the US government pressured Paypal out of that business. Firepay
was popular for a while, and then went out of the e-walle

CURRENT SUMMARY:
Of course, this is all assuming advantage play. If you are a gambler, they’d love to have you, and some even offer to pay affiliate fees in
the form of casino credits.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting, specifically focusing on the use of match-play bonuses and how to effectively utilize them. The user has provided several e


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
There will always be new businesses springing up to do the job. Certain US government forms are required for large transactions. One is the Currency Transaction Report (CTR), which financial institutions
(including Western Union and sportsbooks) are required to fill out and file with the IRS for transactions over $10,000 within a 24-hour period in the
United States. CTRs can be accessed by federal, state, and local law enforcement agencies in the United States. Withdrawing Funds
You may withdraw funds by having the sportsbook send you a check. Most sportsbooks will give you one free check withdrawal per month,
but if you cash out more than once per month, they will charge a fee of $20 to $50. Usually the check is sent by FedEx. If you want overnight mail
or some other special shipping inst

CURRENT SUMMARY:
There will always be new businesses springing up to do the job. Certain US government forms are required for large transactions.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting, specifically focusing on the use of match-play bonuses and how to effectively utilize them. The user has provided several e


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You may withdraw funds by bank wire transfer. That will require giving the sportsbook the name of your non-US bank and your account
number. The transfer will take a few days. Your bank will charge you a fee, and the sportsbook may also charge a fee. Withdrawing funds to a NETeller account is normally free and fast. Sportsbooks that have this service can “zap” you the money quickly. You
withdraw money from NETeller by receiving a check, or having money wired to your non-US bank account. Your bank might put a hold on an Internet sportsbook check that you deposit. Holds on checks for such things as large amounts or drawn on
foreign banks are standard procedure for banks, and do not indicate problems with the sportsbook. Sportsbooks are set up to take money in, not to send it out. Check into w

CURRENT SUMMARY:
You may withdraw funds by bank wire transfer. That will require giving the sportsbook the name of your non-US bank and your account
number.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting, specifically focusing on the use of match-play bonuses and how to effectively utilize them. The user has provided several e


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Check into withdrawal procedures before opening an account, and if withdrawing
looks like it is going to be slow or expensive, then don’t open the account in the first place. If you try to withdraw a large sum, your account will be audited before the money is sent to you. If you are good at picking winners on sports
bets, that fact might go unnoticed until your withdrawal request triggers an audit. If the audit leads the offshore sportsbook to decide you are
undesirable as a customer, you still should be paid what you are owed. Be polite and cordial in email and phone conversations with the employees of sportsbooks. Being aggressive and showing anger won’t help
your cause. Sportsbooks do transfers with each other. If you are having a problem getting money sent to you, ask the sportsbook wh

CURRENT SUMMARY:
Check into withdrawal procedures before opening an account, and if withdrawing
looks like it is going to be slow or expensive, then don’t open the account in the first place. If you try to withdraw a large sum, your account will be audited before the money is sent to you.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, I'm trying to figure out how to help the user refine their knowledge card about sports betting. They've provided several excerpts from different parts of a sports betting document, each highligh


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
You might be able to get money transferred to another sportsbook that same day. Sportsbooks generally don’t want their colleagues to know
they give players a hard time on withdrawals. The downside on a transfer is the two sportsbooks might compare notes on you. Avoid Being Pegged as Undesirable
The term “camouflage” is often used when referring to blackjack card counters who have to hide their skill at the game from the dealers, floor
people, shift managers and surveillance personnel in casinos. Another term for this is “cover.” Sports bettors, and even Internet sports bettors,
may need to employ camouflage as well. If the Internet sportsbooks know (or determine) that you have strong handicapping skills, or that you are
simply finding ways of exploiting their bonus procedures, they could r

CURRENT SUMMARY:
You might be able to get money transferred to another sportsbook that same day. Sportsbooks generally don’t want their colleagues to know
they give players a hard time on withdrawals.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If the Internet sportsbooks know (or determine) that you have strong handicapping skills, or that you are
simply finding ways of exploiting their bonus procedures, they could revoke your ability to make bets there. Also, while most will give you your
money back, let’s face it, if someone is holding a few hundred or a few thousand of your dollars, you don’t want that person angry with you. One thing an Internet sportsbook examines to determine your skill level is how frequently you pass rather than bet after being quoted a line. Suckers bet the same amount on every game; sharps cherrypick, betting only when they think they have an edge. Since an online sportsbook has a complete record of your betting history at that establishment, you probably won’t be able to hide the fact
that you are a w

CURRENT SUMMARY:
If the Internet sportsbooks know (or determine) that you have strong handicapping skills, or that you are
simply finding ways of exploiting their bonus procedures, they could revoke your ability to make bets there. Also, while most will give you your
money back, let’s face it, if someone is holding a few hundred or a few thousand of your dollars, you don’t want that person angry with you.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Here are some suggestions:
1. When there is a minimum amount of play required to qualify for a bonus, play more than the minimum before cashing out.
2. When you are making a large deposit to qualify for a bonus, bet at a level that looks natural for the amount you deposit. If you deposit
$1000, $5 bets on sides may appear small to anyone who scrutinizes your account.
3. Don’t restrict yourself to the low-vig bets. Don’t exclusively bet the –105 specials or the three-team parlay that has no house edge. Make
an occasional play at the standard –110.
4. Be careful about whom you use as a referral, and whom you refer. You would rather be linked to people the sportsbook views as good
customers than to people who are likely to wear out their welcome.
5. Never make opposing bets to take the risk o

CURRENT SUMMARY:
Here are some suggestions:
1. When there is a minimum amount of play required to qualify for a bonus, play more than the minimum before cashing out.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting documen


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Never make opposing bets to take the risk out of exploiting a bonus. Sportsbooks ought to be happy with customers who take opposing
sides at -105 each, just as casinos ought to be happy with crapshooters who simultaneously bet both the pass and the don’t pass. They ought to
be happy, but they aren’t. They like you to take risk, even if their expected win is the same whether you take risk or not.
6. When betting sports, do not get a reputation as a “leech,” which to offshore sportsbooks means someone who watches a computer screen
for line moves and then quickly bets those games at sportsbooks that have not yet moved their lines.
7. Do not make frequent withdrawals. One withdrawal per month looks natural, but one withdrawal per week makes you look like a
troublemaker.
8. If you call in to re

CURRENT SUMMARY:
Never make opposing bets to take the risk out of exploiting a bonus. Sportsbooks ought to be happy with customers who take opposing
sides at -105 each, just as casinos ought to be happy with crapshooters who simultaneously bet both the pass and the don’t pass.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting docu


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you call in to request a line quote, and the line is such that you are not willing to make your normal bet on either team, then make a token
bet on one team or the other. A Bookmaker Speaks
I work for an Internet bookmaker. While we don’t change lines for individual clients, we do alter the limits a bettor can stake on a game. If you regularly beat us, we might allow you to bet only 5% of what a losing high roller could expect to be able to place. We do not offer a service. We are in business; and if a business transaction is unprofitable, we cease it. Simple as that.
— Posted By Keith on TwoPlusTwo.com
Email Received by “James”
Dear James,
We have found that your luck at our Casino has surpassed our level of tolerance. We have closed your account. We are forwarding you $410.00, not the

CURRENT SUMMARY:
If you call in to request a line quote, and the line is such that you are not willing to make your normal bet on either team, then make a token
bet on one team or the other. A Bookmaker Speaks
I work for an Internet bookmaker.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting documen


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
We wish you continued success, elsewhere. Respectfully,
Pit Boss
[Editor’s note: James had wanted to leave $100 in his account.]
If You Are Pegged as a Winner
If you are lucky or good enough to win money from an offshore sportsbook, you have another problem: keeping the welcome mat out. One of the ways an offshore sportsbook will tell you that your action no longer is welcome is to require you to call in your bets. Other
customers will be able to place their bets over the Internet, but you will be required to call in. What happens to people who are required to call in? You might be restricted to lower limits than other customers. Or you might be given two
spreads on the same game. Maybe Los Angeles is supposed to be -7, but you will have a choice of Lakers -8 or their opponent +6. You also

CURRENT SUMMARY:
We wish you continued success, elsewhere. Respectfully,
Pit Boss
[Editor’s note: James had wanted to leave $100 in his account.]
If You Are Pegged as a Winner
If you are lucky or good enough to win money from an offshore sportsbook, you have another problem: keeping the welcome mat out.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting docu


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Your name might be put on a list of people who are undesirable
customers. Bettor Beware
The advantage of betting sports over other types of Internet gambling is that with sports, you can verify whether your bet won or lost. If you are
playing an Internet roulette game and your bet loses, you have no way to verify that the announced winning number really was the random result
of a ball rolling around a wheel. When you have a bet on Chicago to beat New York, you can watch the game yourself or read about it in your
newspaper or find the result various other ways to verify whether your bet won or lost. If you have a beef with an Internet sportsbook, your options are limited. The most cost-effective thing you can do is file a complaint with one of
the online consumer watchdogs. You are less lik

CURRENT SUMMARY:
Your name might be put on a list of people who are undesirable
customers. Bettor Beware
The advantage of betting sports over other types of Internet gambling is that with sports, you can verify whether your bet won or lost.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting documen


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Great Britain
and Australia currently are the best. Ponzi Schemes

In the past, some offshore sportsbooks were Ponzi schemes. They offered big bonuses to get deposits, but were slow in sending money to
winners. When the amounts owed to customers got huge, the book got a bad reputation that hindered the recruiting of new customers. At that
point the book simply went out of business, and the people running started a new sportsbook under a new name. Hopefully that sort of thing won’t
happen any more. Inadequate Capital
Some offshore sportsbooks are undercapitalized. It’s rare that a Nevada casino goes bankrupt, leaving sports bettors holding winning tickets
they cannot cash. Tom’s Sunset, formerly a small casino in Henderson, went bankrupt a few years ago with the result that winning paying s

CURRENT SUMMARY:
Great Britain
and Australia currently are the best. Ponzi Schemes

In the past, some offshore sportsbooks were Ponzi schemes.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting docu


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you have a winning sports ticket written by a
Nevada sportsbook, you WILL get paid off. If you prefer cash, you will get hundred-dollar bills, and you will get them immediately. You may have
to fill out a CTR (Currency Transaction Report) for the IRS, but you will get paid. That’s not the case with offshore sportsbooks. Some of them are undercapitalized, and will be unable to pay off everyone to whom they owe
money. They may not have been set up as Ponzi schemes, but they need new infusions of customer money to pay off what they owe to existing
customers, sometimes because of bonuses promised and sometimes because sports bettors have made winning bets. You think of your deposit as being held in trust for you until you are ready to use it to make a wager. The people who run the offshore

CURRENT SUMMARY:
If you have a winning sports ticket written by a
Nevada sportsbook, you WILL get paid off. If you prefer cash, you will get hundred-dollar bills, and you will get them immediately.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting documen


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The people who run the offshore book
might take a different view of your deposit — they might act as if they have already won it from you before you even make a bet! Sportsbooks that
use deposits from new gamblers to pay off winners are said to be working on the float. Even if the offshore book finally pays you what it owes you, you might have to wait weeks or months for your money. You might end up
spending a lot of time trying to collect. Calling every day might get results eventually, but do you really want to spend part of every day calling an
offshore book to ask when you will be paid? Name Confusion
Beware of any sportsbook with a name that is similar to the name of a reputable sportsbook. For example, if there is a reputable .com book,
beware of a sportsbook using the same name but

CURRENT SUMMARY:
The people who run the offshore book
might take a different view of your deposit — they might act as if they have already won it from you before you even make a bet! Sportsbooks that
use deposits from new gamblers to pay off winners are said to be working on the float.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting documen


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A sportsbook trying to bring in customers by leeching the good
name of another sportsbook probably is run by crooks. Canceling Bets
Suppose you bet a team at -5, and then before the game starts the line moves to -7. Do you have anything to worry about other than if your
team will cover? Yes, as a matter of fact you do have something else to worry about. You have to be concerned that your bet will have action. Michael Konik, in his Telling Lies and Getting Paid, tells on page 52 of having had such bets canceled the day before the games merely because
the lines moved his way before the games started! Hopefully, thanks to watchdog sites such as www.SportsBookReview.com, cancelling of bets should be avoidable nowadays. Do not hedge bets based on mistakes, lest you be left holding a bet you don

CURRENT SUMMARY:
A sportsbook trying to bring in customers by leeching the good
name of another sportsbook probably is run by crooks. Canceling Bets
Suppose you bet a team at -5, and then before the game starts the line moves to -7.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's tackle this step by step. The user has provided a query where they're asking me to refine a knowledge card for a sports betting document. They've given me a specific excerpt from the do


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
That scenario will not happen to you in Nevada. If you have a ticket from a Nevada sportsbook specifying a team at +8, your ticket is valid
even if the sportsbook subsequently discovers that the +8 was a mistake. Over-Limit Bets
Another thing that can happen to you on the Internet but not in Nevada is getting shorted on an over-limit bet. In Nevada, the software in the
computer will prevent a ticket writer from accepting a bet larger than allowed by the sportsbook. You might be able to make an over-limit bet, but it
will be with the approval of the manager. Once that over-limit bet has been accepted, you have action for certain. An offshore sportsbook, if it’s crooked, might handle over-limit bets differently. It might go ahead and accept the bet, and only after the game
is over “discover”

CURRENT SUMMARY:
That scenario will not happen to you in Nevada. If you have a ticket from a Nevada sportsbook specifying a team at +8, your ticket is valid
even if the sportsbook subsequently discovers that the +8 was a mistake.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I need to help the user refine a knowledge card based on the provided sports betting excerpt. Let me first understand what the user is asking for. They've given me several excerpts from a spo


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Guess which over-limit bets are corrected
to the max and which ones are allowed to stand as written? Know the sportsbook’s max bet before you wager, and don’t exceed it. Sportsbooks Sharing Information
Some offshore sportsbooks share information with one another. This can work to your detriment in two ways. Offshore sportsbooks circulate reports of undesirable customers among themselves. If you wear out your welcome at one offshore
sportsbook, you might find your action unwelcome at others. When you try to open an account at a new offshore sportsbook, you are treated as an
unwelcome customer before you place your first bet. If someone makes a huge bet at one offshore sportsbook, causing it to change its odds, other offshore sportsbooks might see the odds
change and change their own odds wi

CURRENT SUMMARY:
Guess which over-limit bets are corrected
to the max and which ones are allowed to stand as written? Know the sportsbook’s max bet before you wager, and don’t exceed it.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help the user refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting docu


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If someone makes a huge bet at one offshore sportsbook, causing it to change its odds, other offshore sportsbooks might see the odds
change and change their own odds without waiting for a bet. Sports bettors have a name for that; it’s called an “air move.”
Complaining About Mistreatment
Even if an organization is what it claims to be, casino or sportsbook, what’s to compel it to pay you when the time comes to do so? If you are
going to wager with offshore sportsbooks, you ought to be connected with others who are doing the same so as to avoid the rip-off artists. News travels fast on the Internet. If a sportsbook doesn’t pay or is found to be disreputable in some other way, people will let you know by
posting information on websites. If you experience a problem with an offshore sportsbook,

CURRENT SUMMARY:
If someone makes a huge bet at one offshore sportsbook, causing it to change its odds, other offshore sportsbooks might see the odds
change and change their own odds without waiting for a bet. Sports bettors have a name for that; it’s called an “air move.”
Complaining About Mistreatment
Even if an organization is what it claims to be, casino or sportsbook, what’s to compel it to pay you when the t

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you experience a problem with an offshore sportsbook, you can share your experience with others. Good
websites for this type of information are:
www.eog.com
www.SportsBookReview.com
www.TheRX.com

The above list is courtesy of Goats, and is not intended to be complete. The order is not intended to have any meaning other than
alphabetical. These websites may generate revenue from Internet sportsbooks. Goats says: “Nowadays, it’s widely known which books will take countermeasures against sharps. These measures include reducing limits,
making you call in bets, and putting your online account on a delay so when you enter a bet, it hangs there for 30-60 seconds to give a manager
time to approve or deny the wager or move the line. Ultimately, some books will also close your account and bar yo

CURRENT SUMMARY:
If you experience a problem with an offshore sportsbook, you can share your experience with others. Good
websites for this type of information are:
www.eog.com
www.SportsBookReview.com
www.TheRX.com

The above list is courtesy of Goats, and is not intended to be complete.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The XFL final game between Los Angeles and San Francisco is next Saturday. I just got an email canceling all
my XFL futures on Los Angeles and San Francisco. I’ve had LA for $800 @ 5-1 and San Francisco for $300 @ 15-1 both voided this week as
the game is getting set to be played. Frank B, Due to a massive error in our systems XFL Futures that weren’t supposed to appear in the sports book were showing,
causing many of our customers to believe that those odds were available to bet on. For this very reason we are now forced to void ALL
tickets posted on XFL Futures, thus effective from this very minute. Losers and pending tickets are now all voided and all the funds involved
in such bets is from this moment on back to your account. We apologize for the aggravation in which we might be puttin

CURRENT SUMMARY:
The XFL final game between Los Angeles and San Francisco is next Saturday. I just got an email canceling all
my XFL futures on Los Angeles and San Francisco.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For more information on the subject please email us or call to our toll free line. Best Regards,
Charlie
Casino Customer Service
I made these bets after only three weeks of play, when San Francisco’s record was 1-2. San Francisco at 15-1 was also available at
Station Casinos in Las Vegas at the time I made my bets on the Internet. I should have just bet in Las Vegas. I feel I have to do something about this but don’t know where to begin. I had someone call and ask what the problem was with the XFL
bets and they claimed someone clicked in $100,000 worth of XFL futures so they had to void all bets. This is absurd as the controls in place
would have alerted them at less than $1000 of bets on any one side. They are just plain lying about this. Funny how I haven’t received any
refunds on my Las

CURRENT SUMMARY:
For more information on the subject please email us or call to our toll free line. Best Regards,
Charlie
Casino Customer Service
I made these bets after only three weeks of play, when San Francisco’s record was 1-2.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
These guys are thieves but I don’t know what to do since I have a nice chunk of
change at their sportsbooks collectively. I’m showing you this to make clear how treacherous the offshore situation has become recently and to illustrate one of the differences
between offshore and Las Vegas books. I would put a strong warning in your net betting chapter regarding these type of actions. Offshore Books as a Source of Betting Information
One way you can use offshore books is as a source of betting information. If you are walking from sportsbook to sportsbook in Las Vegas
shopping for lines, it’s nice to know ahead of time what the lines are so that you recognize a good one as soon as you see it. Conclusion
The Internet has revolutionized the way things are done in today’s world. Bookstores, trave

CURRENT SUMMARY:
These guys are thieves but I don’t know what to do since I have a nice chunk of
change at their sportsbooks collectively. I’m showing you this to make clear how treacherous the offshore situation has become recently and to illustrate one of the differences
between offshore and Las Vegas books.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let me try to figure out how to approach this. So, the user has provided a query where they're asking me to refine a knowledge card for a sports betting document. They've given me several exc


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Bookstores, travel agents, insurance agents, flower shops, you
name it, many businesses have been affected by the Internet. The advent of Internet casinos and sportsbooks has made it possible for someone
in London, Tokyo, or Sydney to wager on a sports event without having to find an illegal local bookie. Internet sportsbooks have low overhead costs due to not having to buy huge televisions or cocktails for their customers, or needing a lavish
palace for ambiance. Thus Internet sportsbooks can afford to spend lavishly to get customers to their websites and keep them there. These opportunities favor the sharp bettor who is willing to make the effort to take advantage of what is offered. Many Internet sportsbooks
will offer games with no vig or reduced vig, or other promotions that make Inte

CURRENT SUMMARY:
Bookstores, travel agents, insurance agents, flower shops, you
name it, many businesses have been affected by the Internet. The advent of Internet casinos and sportsbooks has made it possible for someone
in London, Tokyo, or Sydney to wager on a sports event without having to find an illegal local bookie.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The purpose of this chapter is to explain the basic mathematical concepts used in sports betting. Player’s Edge
When you put numbers on the player’s edge, you can call the result the win rate. Or you can call it your edge. Or you can call it return on
investment or ROI. All those terms mean the same thing. This chapter makes extensive use of the word “terms.” The terms of a bet are the details of how much you win if you win and how much you
lose if you lose. If the amount you stand to win is less than the amount you stand to lose, the “terms” are expressed in terms of how many units you must risk
to win 100 units. If the amount you stand to win exceeds how much you stand to lose, the “terms” are how many units you will win if you wager 100 units. That sounds confusing but is actually unamb

CURRENT SUMMARY:
The purpose of this chapter is to explain the basic mathematical concepts used in sports betting. Player’s Edge
When you put numbers on the player’s edge, you can call the result the win rate.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Bets at -110
The standard terms for betting sports in the legal sportsbooks of Nevada are -110. This is the default, the terms so widely used that they are
widely understood to apply unless the book specifically specified other terms. If you see Chicago +3 for example, and want to bet on it, the
assumption is that you will have to risk $110 for every $100 you want to win, unless the terms of the bet specifically say otherwise. If the bet is
described as Chicago +3 -115, then you must risk $115 to win $100 on Chicago +3. But if the bet is described as simply Chicago +3, then
everyone understands that to mean Chicago +3 -110.
-110 means you the bettor must risk $110 to win $100. The bet does not have to be exactly $110; the terms are merely stated in the form of
how much you have to risk to

CURRENT SUMMARY:
Bets at -110
The standard terms for betting sports in the legal sportsbooks of Nevada are -110. This is the default, the terms so widely used that they are
widely understood to apply unless the book specifically specified other terms.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
When you make a bet, you give your money to the sportsbook, which holds onto your money and gives you a ticket as a receipt. The ticket
explains all the details of the bet you have made, and if your bet wins you return that ticket to the sportsbook to collect your winnings. If your ticket loses it becomes worthless, except as backup should the IRS audit your tax return. If your ticket wins, and you have made a bet at -110, the amount you will get for your ticket is the amount you have wagered times 210/110. If
you wagered $110, your winning ticket will be worth $210. If you wagered $11, your winning ticket will be worth $21. If you wagered $5, your
winning ticket will be worth theoretically $9.54545, but the amount you actually will receive will be $9.50. Here is a warning commonly found i

CURRENT SUMMARY:
When you make a bet, you give your money to the sportsbook, which holds onto your money and gives you a ticket as a receipt. The ticket
explains all the details of the bet you have made, and if your bet wins you return that ticket to the sportsbook to collect your winnings.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If you wagered $5, your
winning ticket will be worth theoretically $9.54545, but the amount you actually will receive will be $9.50. Here is a warning commonly found in a sportsbook’s posted list of rules for sports wagering:
“The sportsbook is not responsible for lost or stolen tickets.”
Until the game has been played and your team has lost, be as careful with your ticket as you would be with currency. If you lose your ticket
and someone else finds it, you will have as difficult a time reclaiming your ticket as you would had you lost a $100 bill. Whoever finds it will cash
it, if anyone finds it. Vig at -110
This question was posted on BJ21.com: “I have a basic question. How does one calculate a break-even win rate, given the juice? I read
somewhere that it’s 52.5 percent given the standa

CURRENT SUMMARY:
If you wagered $5, your
winning ticket will be worth theoretically $9.54545, but the amount you actually will receive will be $9.50. Here is a warning commonly found in a sportsbook’s posted list of rules for sports wagering:
“The sportsbook is not responsible for lost or stolen tickets.”
Until the game has been played and your team has lost, be as careful with your ticket as you would be with cur

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, let me try to figure out how to help the user with this query. So, they provided a detailed conversation history where they were asking for help refining a knowledge card for a sports betting do


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If your team loses, your ticket has no value. How
often do you have to be right so that on average you will turn $110 into $210? Just divide 110 by 210. The answer is 52.38095 percent, which
generally is rounded off to 52.38, 52.4, or 52.5 percent. The sportsbook’s vig ideally is one bet out of 22, or 4.5 percent. Here’s how to get it. Suppose the sportsbook takes in $11 on one side and
$11 on the other side. If one side wins the other side loses, and the book pays out $21 to the winner, keeping $1 for itself. The book’s profit is $1
no matter which side wins. $1 profit on $22 of bets is 1/22 or 4.5 percent. I said “ideally” because the book makes 4.5 percent with an equal split of bets on both sides, but if there is more action on one side than the
other, the book will win something diffe

CURRENT SUMMARY:
If your team loses, your ticket has no value. How
often do you have to be right so that on average you will turn $110 into $210?

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
If the book makes a bad line and a majority of the money is bet by people who make a better line than the book, the book’s expectation might
be to lose. Booking bets at -110 is no guarantee of winning unless either the line splits the action or the line is good enough so that even though
more than 50% of the money is bet on one side, that side has only about a 50 percent chance of covering. Terms Other Than -110
The common way of expressing betting terms in sportsbooks is how much money the customer must risk to win $100, or how much a
customer wins on a bet of $100. That’s really two different systems, but it’s confusing only initially. A Positive Number
If the terms of a bet are expressed as a positive number, the number will be 100 or more and will indicate the amount of your win on a $

CURRENT SUMMARY:
If the book makes a bad line and a majority of the money is bet by people who make a better line than the book, the book’s expectation might
be to lose. Booking bets at -110 is no guarantee of winning unless either the line splits the action or the line is good enough so that even though
more than 50% of the money is bet on one side, that side has only about a 50 percent chance of covering.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For example, if you make a bet at +145 and your bet wins, for every $100 you wager you will receive your $100 back plus an additional $145
that formerly was the sportsbook’s money. If you bet $200 at +145 and your bet wins, that piece of paper you bought for $200 is now worth $490. Here’s how to do the arithmetic: $200 times 1.45 is the amount of your win, $290. You also receive back the $200 you wagered. $290 + $200
equals $490. An alternative way to do the arithmetic: Making a bet at +145 means you will receive back $245 for every $100 risked. Thus to get the price of
a winning ticket, multiply the purchase price by 2.45. $200 times 2.45 is $490. A Negative Number
If the terms of a bet are expressed as a negative number, the number will be farther from zero than -100 and will indicate th

CURRENT SUMMARY:
For example, if you make a bet at +145 and your bet wins, for every $100 you wager you will receive your $100 back plus an additional $145
that formerly was the sportsbook’s money. If you bet $200 at +145 and your bet wins, that piece of paper you bought for $200 is now worth $490.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A Negative Number
If the terms of a bet are expressed as a negative number, the number will be farther from zero than -100 and will indicate the amount you
must wager to attempt to win $100. For example, if you make a bet at -120 and your bet wins, for every $120 you wager you will receive your $120 back plus an additional $100
of what had been the sportsbook’s money. You might for example wager $300 at -120, and if your bet wins, the ticket you bought for $300 is now worth $550. Here’s how to do the arithmetic. $300 divided by 1.20 is the amount of your win, $250. You also receive back the $300 that you wagered.
$300 plus $250 is $550. An easy way to handle the arithmetic is to always bet a multiple of the negative number. For example, if the terms of a bet are -120, and you
want to risk

CURRENT SUMMARY:
A Negative Number
If the terms of a bet are expressed as a negative number, the number will be farther from zero than -100 and will indicate the amount you
must wager to attempt to win $100. For example, if you make a bet at -120 and your bet wins, for every $120 you wager you will receive your $120 back plus an additional $100
of what had been the sportsbook’s money.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Or you
might bet $600 to try to win $500. You do not have to force your bet to be an exact multiple of the betting number. You can bet an even $500 at -120, and if the bet wins you will
receive $916.6667 rounded off, probably to $916.65 or $916.50 or $916. Typical Money Line
A money line is a bet that a team will win straight up, no points added or subtracted. Generally whenever a sportsbook offers a money line on a game or offers a proposition for betting, you can bet on either side. The book is
hoping that people do in fact bet on both sides, so that the money from the loser can be used to pay the winner with some left over to go to the
book for providing the service. The terms might be expressed as two negative numbers, or they might be expressed as a positive number and a
negative numb

CURRENT SUMMARY:
Or you
might bet $600 to try to win $500. You do not have to force your bet to be an exact multiple of the betting number.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
The two-negative-number situation occurs when each side is approximately equally likely to win. You might, for example, see one team or
one side of the prop quoted as -105 while the other team or side is quoted as -115. Bettors who like the first team or side must risk $105 in an
attempt to win $100. Bettors who favor the other team or side must risk $115 to try to win $100. A Negative Number and a Positive Number
The negative number will always be farther from zero than the positive number; if that were not the case, the sportsbook would not have an
edge over balanced action. You might see, for example, +210 and -270. Bettors who like the underdog risk $100 in an attempt to win $210. Bettors who back the favorite must risk $270 for every $100 they want to win. A Negative Number and EV
EV

CURRENT SUMMARY:
The two-negative-number situation occurs when each side is approximately equally likely to win. You might, for example, see one team or
one side of the prop quoted as -105 while the other team or side is quoted as -115.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
A Negative Number and EV
EV means “even money.” Sometimes the board will spell it out, “even,” instead of “EV.”
EV means you risk a dollar to try to win a dollar. EV could also be expressed as -100 or +100; they would mean the same thing as EV but
using them just isn’t conventional. You might see the terms of a prop expressed as a negative number on one side and EV on the other side; for example -130 and EV. Bettors
who like the favorite would have to risk $130 for every $100 they want to win, and bettors who back the underdog would receive even money on
their bets. Break-Even Win Rates
For each betting term such as -130 or +120, you can calculate the particular probability of winning for which the bet would break even in the
long run. As was mentioned above, the default term of -110 is as

CURRENT SUMMARY:
A Negative Number and EV
EV means “even money.” Sometimes the board will spell it out, “even,” instead of “EV.”
EV means you risk a dollar to try to win a dollar. EV could also be expressed as -100 or +100; they would mean the same thing as EV but
using them just isn’t conventional.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, let's tackle this query step by step. The user is asking me to refine a knowledge card for a sports betting document based on the provided excerpt. I need to ensure that I understand the cont


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
For a bet quoted as EV, the probability of winning would have to be 50 percent for the bet to break even in the long run. For Super Bowls the Imperial Palace in Las Vegas generally offers a prop on who will receive the kickoff. Typically the prop is offered with
both teams at EV. It’s easy enough to see that there is no house edge for the Imperial Palace on that bet. You could bet $100 on one team and
match it with $100 on the other team, and whichever team receives the opening kickoff will bring back your entire $200. The Imperial Palace runs
this one prop as a loss leader, the same as a grocery store offering an item at cost to get you to shop there instead of at a competitor’s store. Enough people who visit Imperial Palace to make the no-vig bet also make other bets that do have a house

CURRENT SUMMARY:
For a bet quoted as EV, the probability of winning would have to be 50 percent for the bet to break even in the long run. For Super Bowls the Imperial Palace in Las Vegas generally offers a prop on who will receive the kickoff.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Alright, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, eac


Question:
You are refining a knowledge card for a sports betting document. Extract the most important information.

EXCERPT:
Table 1 gives the break-even rates associated with various bet terms. You can interpolate to find values not explicitly stated in the table. For example, try to find -110. You won’t find it; it’s not in table 1. However you can find -111 associated with the break-even win rate 52.5
percent, and you can find -108 associated with the break-even win rate of 52.0 percent. So you know that -110 must have a break-even win rate of
between 52.0 and 52.5 percent, and interpolation would lead you to choose 52.3 or 52.4 percent. Table 1 allows you to find the break-even win rate that corresponds to the terms on any sportsbook bet that is expressed as how much to bet
to win $100 or how much a $100 bet will win. Suppose you see a prop offered at -130. Table 1 tells you that the event must happen 56.5 p

CURRENT SUMMARY:
Table 1 gives the break-even rates associated with various bet terms. You can interpolate to find values not explicitly stated in the table.

Provide an improved knowledge card in this exact format:
Summary: <1-2 sentences capturing the main point about sports betting>
Key Points:
- <concise bullet 1>
- <concise bullet 2>
- <concise bullet 3>
Themes: theme1, theme2, theme3

Begin the card now:

Okay, so I'm trying to help refine a knowledge card about sports betting based on the provided excerpt. The user has given me several excerpts from different parts of a sports betting document, each h