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What is the odds of a bookmaker?

The basic concept that a new player in sports betting will encounter sounds like a "odd". Today we decided to give a detailed explanation of it, so that you can easily take a start and figure out the main points you need to earn money. Of course, the first step is to define it. To begin with a strict definition:

Betting odds – the probability of a certain outcome in a sporting event, expressed by the bookmaker as a whole or fractional number.
It sounds very difficult, a lot of terms, hard to understand. Therefore, we prefer a different, simpler definition:

The betting odd is the number by which the bet amount is multiplied if the forecast is successful.

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