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How to Calculate Odds. ... Know common formats for expressing gambling odds. ... the odds are 5 out of 198, or roughly 1 in 40. Thanks!
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Lowering the odds for tails and raising the odds for heads, despite the fact they both have a 50% chance of winning in reality, can help to create more volume on the tails outcome. And if you consider this scenario as a bettor it's a great opportunity to place a bet on tails as you know it's got an equal probability of winning to heads. Footnotes
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