ONLINE POOLS BUSINESS SYSTEM
CHAPTER ONE
INTRODUCTION
1.0 Introduction
Betting on sporting events is a common form of gambling around the world, involving billions of dollars annually. Large events such as the Super Bowl or the World Series alone can generate wagers totaling trillions of naira and billions of dollars. In a pool, one tries to guess the “winners” in a set of games. For example, one may have ten matches this weekend and one bets on who the “winners” will be. We’ve put winners in quotes because the pool may handicap the matches so that it is expected that each side has an equal chance. For example, if the Jets are playing the Sharks and the Sharks are a weaker team, then there will be point spread—the Jets must score some specified number of points more than the Jets to be declared the winner in the pool. There a two common types of pools [1].
One is among a group of friends and the person with the most correct guesses wins all the money that was bet. If several people have the same number of correct guesses, the money is divided evenly among them. We’ll call this the office pool since that’s where it’s often done.
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