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The Emergence of Social Betting Communities in Australia Kayo Sports on the App Store, Betting odds can be confusing for newcomers, but they can be broken down in an easy way. Betting odds show the probability of a successful bet followed by your stake size as two numbers; so for instance if the odds for Collingwood to win the AFL premiership are 4/1 this means for every bet you win profit; odds will differ depending on which bookmaker is offering them; in Australia most commonly used format is decimal odds.
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