What is an octopus in betting
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Gaming law Problem gambling. Category Commons Wiktionary WikiProject. Authority control databases : National Germany. Categories : Sports betting Wagering. Toggle limited content width. Mathematics Gambling mathematics Mathematics of bookmaking Poker probability. Africa Angola Nigeria South Africa. Placing bets intelligently requires having a good grip on the main types of betting odds and the what is an octopus in betting to read and interpret their various formats.
The three main types of betting florida betting are fractional British odds, decimal European odds, and money line American odds. These are alternate ways of presenting the same odds and hold no difference in terms please click for source payouts.
This means that the chances or the percentage probability of an event occurring can be converted and presented in any of the odds mentioned earlier. The total potential return on a stake can be stated as:.
It can quickly be determined that the Brooklyn Nets are the favorites, while the odds on Golden State and Milwaukee winning are longer. These are a bit easier to work what is an octopus in betting and understand. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
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