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Bookmakers use mathematical formulas to establish odds for sporting events. For instance, a horse with odds of 9/1 stands a 10% chance of winning its race; these odds can then be seen displayed on a screen in decimal format; they may be changed into American or European odds formats however if needed; their formula remains the same. Kayo Sports Kayo sports freebies netball variety of games In-play betting may present opportunities for arbitrage, especially when odds fluctuate due to in-game events. Keep an eye on changing odds across different markets to potentially lock in profits by strategically placing counter bets.