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We get into the specifics of how parlays work a bit later on. The actual probability of an outcome happening is usually a little less than the implied probability. This is because betting odds factor in the bookmaker’s margin. Bookmakers offer odds that they believe are lower than the actual chances of something happening.
From the other side, you as a player get to see just those final odds, but don’t know the probability for each possible outcome. Continue reading “Moneyline Odds Converter”