Sports Betting
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Decimal odds tell you that for each $1 you bet on the Lakers, you stand to win a grand total of $1.33. Understanding the implied probability can help you to identify valuable betting opportunities where sportsbooks may have underestimated a team giving you a good opening. Fractional odds, also known as traditional odds, are used a lot more in the UK betting markets and other overseas betting markets. Still, it’s good to know about them and to understand them as well. (mais…)