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Now when it comes to sports betting, fixed odds are linked to the bet odds. When you place a bet, the likelihood is usually guaranteed; however, with many sports the itrrrs likely that not determined before actual race starts. These odds, for just about any sport, are determined by a bookie or perhaps a bookmaker. This person may be the person who takes the bets (your hard earned money) and gives the payout for the wagers placed. As for casino betting, you’ll find sports book as your bookie.