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Odds of a bet can be calculated by multiplying the total number of possible outcomes with their respective probabilities; the larger this total number is, the more likely your bet will be successful. Odds can be displayed using various formats - decimal odds tend to be easiest for beginners and are commonly used across Europe while round and fractional odds are more popular in Asia. There are other types of betting odds too such as implied probabilities and predicted returns that should also be taken into consideration when setting odds on wagers. Kayo Sports Sydney, Advanced Predictive Analytics:
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