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What is the formula for calculating bet?

What is the formula for calculating bet?

What is the formula for calculating bet?

It's a conversion of odds into a percentage. For American odds, the equation is different for favorites and underdogs
underdogs
An underdog is a person or group in a competition, usually in sports and creative works, who is largely expected to lose. The party, team, or individual expected to win is called the favorite or top dog. In the case where an underdog wins, the outcome is an upset.
https://en.wikipedia.org › wiki › Underdog
Underdog - Wikipedia
. For favorites, it's odds/(odds + 100) x 100. So if a team is -200 it would be 200/(200 + 100) x 100.

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  • 2024-02-21 01:01:02
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