| molodoy |   
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I get the basics of how odds represent probability, but can someone explain how bookmakers calculate them and build in margins? I want to better understand how to spot overpriced or underpriced lines.
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| 5/12/2025 2:15:17 PM |    |
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| DENIwood |
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In a simplified form, this is a reflection of the probability of an event, taking into account the bookmaker's margin. The higher the coefficient, the lower the estimated probability. It is useful to understand at least the basics.
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| 5/12/2025 3:18:28 PM | |
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| Lollitta17 |
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Group: User
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The odds reflect the probability that an event will occur and determine the amount of your winnings. Lower odds mean a higher probability, but lower payouts. I recommend using x1bet-nigeria.com for online sports betting, their odds are fair and clear, especially if you are a beginner. They also explain how the coefficients are converted into an implied probability.
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| 5/12/2025 3:42:40 PM |  |
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