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Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.
From the archives (2024): Sports bettor was set to turn his $26 wager into $557,770 if France beat Argentina. It lost. But he won.
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    Gambling winnings are fully taxable and you must report the income on your tax return.
    Gambling establishments, including digital operations such as online sportsbooks, usually provide you and the IRS with a record of your taxable winnings.
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