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Odds are a method of expressing the probability of a particular event occurring. They are sometimes used in betting, statistics, and probability to quantify the probabilities of various outcomes. There are different ways to express odds: Fractional odds: Represented as a fraction, such as 5/1, indicating the revenue relative to the stake. For example, a guess of $1 at 5/1 odds would yield a profit of $5 if profitable. Decimal odds: Presented as a decimal quantity, corresponding to 6.00. This contains the original stake, so a wager of $1 at 6.00 odds would return
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