Odds Man Out: The Untold Story of How Professional Sports Crushed the Pioneers of Online Betting, by Jay Cohen, Post Hill Press, 384 pages, $32 In the early 1990s, Jay Cohen was a trader on the ...

The point spread is the most widely used bet type in sports betting. It levels the playing field between a strong favorite and a weaker opponent by assigning a margin that the favorite must overcome.

Venezuela was once South America’s wealthiest country. Now it’s one of the world’s least prosperous. According to United Nations and humanitarian officials, 70% of the people currently heading ...