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Odds show how much money you will win, if you bet on an event to happen
. The higher the odds are, the more you will win, relative to your stake. Low odds = lower win. High odds = higher win.
How do odds work? - Eurovisionworld
eurovisionworld : esc : how-do-odds-work
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Odds are
a ratio of your chances of losing to your chances of winning
. Using the above raffle example, your chances of losing are 99 (the other tickets) and your chances of winning are 1 (the ticket you purchased). Your odds are 99 to 1.
How To Calculate Odds of Winning - Statistics How To
statisticshowto : how-to-calculate-odds-of-winning
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