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When the Professional and Amateur Sports Protection Act (PASPA) was ruled unconstitutional by the US Supreme Court in 2018, it gave states the power to allow sports betting and online gambling within their borders. As a result, it is highly advisable that you keep a close record of your wins and losses throughout the year.
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In most cases, spread bets will be priced -110 both ways, since there's a handicap that makes the team's theoretically about even. Be sure to read up on local regulations so you know what to expect when betting on college sports.