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Betting in poker: In the game of poker, the play largely centers on the act of betting, and as such, a protocol has been developed to speed up play, lessen confusion, and increase security while playing. Different games are played using different types of bets, and small variations in etiquette exist between cardrooms, but for the most part the following rules and protocol are observed by the majority of poker players.
Betting exchange: A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences.
Betting strategy: A betting strategy is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine.
Betting shop: In the United Kingdom, Ireland, Australia and New Zealand, a betting shop is a shop away from a racecourse where one can legally place bets in person with a licensed bookmaker. Most shops are part of chains including William Hill, Ladbrokes, or Coral.