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Odds are an accurate way of measuring the chances of events taking place based on how likely bookmakers think the outcome will be. Typically, higher odds indicate higher probabilities. But this doesn't always hold true: bookmakers may manipulate odds in order to cheat customers by either decreasing or raising odds for specific events, or providing different lines on various sports. Bet on Esports, Ride the Winning Wave!, Sportsbet has paid an unprecedented .5 million fine and pledged to refund customers approximately .2 million after violating Australia's spam laws, the Australian Communications and Media Authority announced. ACMA Chair Nerida O'Loughlin noted the penalty as significant given it involved such a large and sophisticated company as Sportsbet which should have had in place safeguards to comply with spam regulations.
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