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Donette 24-08-29 13:42 view62 Comment0

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Bookmakers use this betting activity and market data to regulate their costs and cover their losses. Imagine that they priced heads on a coinflip at 1/1 (50%) and tails at 4/5 (55.6%), everyone would bet on heads and they would alter their prices in line with the market both to mitigate any losses, but in addition as a result of the market has given them extra info about the true odds. You possibly can bet on the coin toss on the Superbowl and because of the popular saying "tails by no means fails", more punters selected to bet on tails. On this case, the likelihood of each a heads or a tails on the coin flip, as determined by the odds, is 50%. This means the bookmaker expects 50% of coin flips to lead to heads and 50% in tails

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