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The perceived stronger team (the favorite) must win by a certain number of points/runs/goals to cash your bet. ![]() It's the most popular bet type in basketball and football. A point spread is simply a bet on the margin of victory. ![]() ![]() ![]() While offshore racebooks may be accessible in Indiana, they operate in a legal gray area.These platforms offer a wide variety of betting options on races held locally, nationally, and internationally. Several online racebooks operate in Indiana, providing bettors with the convenience of wagering from anywhere within state lines.These venues offer live racing and contribute significantly to the local horse racing scene. Indiana is home to several horse racing tracks, including the popular Indiana Grand Racing & Casino and Hoosier Park.The Indiana Gaming Commission oversees all sports betting activities in the state. The state legalized sports betting in 2019, and this includes online and mobile wagering. 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