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Contrarian sports betting is a strategy that involves betting against the public or the popular sentiment, with the belief that the public tends to be biased towards favorites and overvalues certain teams or players.

What Is Contrarian Betting? Contrarian Sports Betting Explained

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Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet "a nickel," that means a $500 wager. Oddsmaker (also linemaker): The person who sets the odds.

Betting - Glossary of common betting terms - ESPN

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