The Mathematics Behind Betting Odds & Gambling

In order to win $100 on the Penguins (favorites), you’ll need to wager $130. If you wagered $100 on the Senators (underdogs), you’d be set to win $110. For example, a bookmaker has the fractional odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the method, which is a simple matter […]

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