Betting odds are a measure of how likely or unlikely a sportsbook finds an event to be. The more likely an outcome is, the less you can make wagering on that. Betting odds are used by bookmakers as a way of presenting the likelihood of a specific outcome in an event. They are often written as fractions. Odds – This is the payoff on your bet and generally represents your chances of winning. American odds at sportbooks come in the 'to' variety, meaning you get.
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