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For example, if a team has odds of -150, you’d need to bet $150 to win $100. In both cases, your original bet is returned along with your winnings. The larger the gap between the favorite and underdog odds, the…
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Decimal odds are perhaps the easiest to convert to probability – the formula is simply 100 For each type of odds, there’s a different calculation you can use to work out the probability (though you can again simply use an…
However, you can often combine them with other markets, such as the spread, moneyline or totals, for a same game parlay. Once again, you will find all sorts of alternate totals, which skew the odds in different directions. You can…
Decimal odds (aka “European odds,” “digital odds,” or “continental odds”) are popular in continental Europe, Australia, New Zealand, and Canada. The favorites and underdogs can be spotted instantaneously by looking at the numbers. You are responsible for verifying and examining all…
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