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Other Bets Props and Futures Some other fun bets that can be made on basketball include prop bets and futures. How To Bet News. Handicapping Your Basketball Bets When oddsmakers set the lines, they take many factors into consideration. If you have even one loss, you lose the entire bet. On the other hand the Magic must either win outright or lose by 3 or fewer points for a Magic spread bet to payout.

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Investigations may involve local police as well as state, federal, national and international authorities to ensure all person that have a substantial interest in a gambling business are qualified to be licensed. A copy of your application may be forwarded to the Special Agent assigned to your area. The agent may contact you to inspect your business site. You may also be contacted during the licensing process to determine you eligibility to hold a license.

We may request additional information such as leases, corporate papers, by-laws, purchase agreements, financial statements, criminal history statements, personal information forms, fingerprints, etc. Once the investigative process is complete, your application will be reviewed to determine if you qualify for a license.

If your application is approved, a license will be mailed to you within one to two days of approval. If your application is denied, you will be provided with an explanation. Gaming is defined in the Gaming and Wagering Commission Act as "the playing of a game of chance for winnings in money or money's worth, whether any person playing the game is at risk of losing any money or money's worth or not.

A game of chance does not include any athletic game or sport. In Western Australia, the Gaming and Wagering Commission Act provides for the issue of permits to charitable groups, sporting bodies and community-based, not-for-profit organisations for the purpose of raising funds from gaming related activities. There are also a number of other gaming activities that may be conducted for fund raising purposes that do need to require a permit.

These are covered under sections , and of the Gaming and Wagering Commission Act and include minor raffles, chocolate wheels, number based games and even mouse racing.

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