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Now let¡¯s grapple with the cold, hard reality of trying to turn a profit. Assume a $1 bill represents each vertical ¡ª one for sports wagering, one for casino gaming. The industry standard hold for online sports wagering is 7%, which means our company will gain one nickel and two pennies for every dollar wagered on a sporting event on our site.
"Obviously it is something we will keep an eye on," Schuffert said.
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As well as the casino on Bovada, you can bet on sports, horses, and even play poker.