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Implied probability is the estimated likelihood of an event occurring based on the betting odds. It is calculated by dividing 1 by the decimal odds and multiplying by 100. For example, if the odds are 2.00, the implied probability is 50%. By comparing the implied probability with your own assessment of the likelihood of an event, you can identify potential discrepancies and find value bets. wicked winnings slots free, Common Mistakes to Avoid When Betting on Odds
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