It works pretty much the same as it does everywhere else in the world.
Sports bet is the act of risking a sum of money on the assumption that a particular event would occur in sports. It is usually characterized by predicting scores, lineups, etc. When your prediction fails, you lose your wager and vice versa. For instance, you can decide to place a wide range of bets on different matches. Thus, when the prediction(s) is/are correct, you win some cash.
Sports bet is the act of risking a sum of money on the assumption that a particular event would occur in sports. It is usually characterized by predicting scores, lineups, etc. When your prediction fails, you lose your wager and vice versa. For instance, you can decide to place a wide range of bets on different matches. Thus, when the prediction(s) is/are correct, you win some cash.
