Basically, sports betting can be categorized as a game of chance. It is typically defined as bk pin up the general activity of anticipating outcomes of the sports you have an interest in by making a wager on the result of the sporting event. So, if for example you are interested in betting on football video games, your bets on the sport are most frequently placed on the outcome of a single event or game. And, in virtually all contests, there is a favorite and an underdog.