Online betting sites make money through a variety of methods, including:

  1. Commission: Many online betting sites charge a commission on the bets placed through their platform. This commission, which is usually a percentage of the bet, is known as the “rake.”
  2. Odds: Online betting sites make money by setting the odds for each event or market. The odds reflect the probability of an event occurring, and the online betting site will adjust the odds to ensure that it makes a profit regardless of the outcome.
  3. Sponsorships: Online betting sites may also make money through sponsorships and advertising deals with sports teams, leagues, or other organizations.
  4. Ancillary services: Online betting sites may also make money through the sale of additional products or services, such as data or analysis tools, or through the operation of additional gambling products, such as online casinos or poker rooms.

Overall, the main way that online betting sites make money is through the commission or “rake” they charge on bets placed through their platform. By setting the odds and adjusting them to ensure a profit, online betting sites can generate revenue regardless of the outcome of the events being bet on.

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