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Unless you're involved with one of the teams or very rich, there is no real ethical consideration. Line Gambling is a pari-mutuel pool (like horse racing) where there are three possible outcomes. 1. Favorite wins and covers (group 1 wins). 2. Favorite wins and doesn't cover or loses (group 2 wins) 3. Favorite wins by exactly the line (house wins, group 1 and group 2 lose).

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Q: What is the ethical conderations of gambling on line?
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