Basically, sports wagering can be classified as a game of chance. It is frequently specified as the basic activity of anticipating results of the sports you have an interest in by making a wager on the outcome of the sporting event. So, if for instance you have an interest in banking on football games, your bets on the sport are most typically placed on the result of a single occasion or game. And, in practically all contests, there is a favorite and an underdog.