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Just as the benefit based on your own work history is reduced if you claim it early, the same is true for a spousal benefit. That 50% figure is the maximum amount that only a spouse who is at least full retirement age is eligible for. Taking the spousal benefit early at, say, age 62, reduces the amount to as little as 32.5% of the higher earner's benefit. If you take your own benefit early and then later switch to a spousal benefit, your spousal benefit will still be reduced. Any Social Security benefits forfeited to the earnings test are not lost forever. At your full retirement age, the Social Security Administration will recalculate your benefits to take into account benefits lost to the test. For example, if you claim benefits at 62 and over the next four years lose one full year's worth of benefits to the earnings test, at a full retirement age of 66 your benefits will be recomputed - and increased - as if you had taken benefits three years early, instead of four. That basically means the lifetime reduction in benefits would be 20% rather than 25%.

The odds that a sportsbook offers you is directly related to the implied probability of that outcome happening. What can you do with this information?

On top of that, when the results fall in your favor you can rest assured that you've maximised your profits. There's a reason it has the largest market share in so many places.

In a match, there are several betting options depending on your bookie, ranging from the final result to the number of cards the game will have. Compare views, analysis and trends.

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