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However, there are different types of probability: true probability and implied probability.
Fractional odds Decimal odds Implied Probability 1/1 (evens) 2.0 ♨️ 50% 2/1 3.0 33.3% 3/1 4.0 25% 4/1 5.0 20% 5/1 6.0 16.7% 6/1 7.0 14.3% 7/1 8.0 12.5% 8/1 ♨️ 9.0 11.1% 9/1 10.0 10% 10/1 11.0 9.1% 1/2 1.5 66.7% 1/3 1.33 75% 1/4 1.25 80% 1/5 1.2 83.3%
There ♨️ are multiple factors which could influence the outcome, and they can’t all be checked by simple probability.
In a fast-moving market, ♨️ odds have to be produced quickly and accurately, and calculations rely on algorithms and programs.
Luck will always play some part ♨️ in sports betting but the role of knowledge and skill is far greater. Using skill, experience and knowledge to get ♨️ the most out of available statistics can offer huge potential that eclipses simple good fortune.
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