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The first sports bets are stated to have existed for the 23rd Olympiad in 676 BC. Back then, betting on gladiator fights was very fashionable, with the bet being positioned on the supposedly best gladiator. Chariot racing and of course the disciplines of the Olympic Games have been additionally extremely popular for betting. All level spreads have odds hooked up to them, and as a rule, these odds are -110 for each teams. Betting on the games and matches of many sports use a system known as a point spread.