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What is odds ratio in cricket betting indiana champions league

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How to Convert Odds


Betting odds tell you how likely an event is to happen.

They also tell you how much money you will win. However, at first, they may seem confusing and complex. Our comprehensive guide takes you step-by-step to explain them. If you’re new to betting, one of the first things you should do is learn how betting odds work.

It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money. For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes. The ratios offered are completely dependent on the situation of the match at a particular instance and the amount of money already put on each of the teams.

Bookies earn their money from balancing the amount of money being invested in each of the teams. If the team which was favourites to win the match does win,having dominated throughout the match,there is not a lot of scope for a bookie to make money from the outcome of such a match. Value, in betting terms, means that the odds are in favour of the gambler by some margin.

If you are able to detect value as early as possible then you’re at an advantage. Usually you want to bet before the price inevitably moves down falls on the betting exchange. All the cricket betting odds offered online at the best cricket betting sites. We explain how betting odds work and give you the best cricket rates online.

Getting the right cricket betting odds is more than just half the battle it is actually closer to the full battle. To emphasize the importance of getting the highest possible odds on your bets, we will show you an example of two different bettors. Let us say we have bettor A and B.

Both are winners, and can pick winning bets at a great rate of lets say 65. On average, bettor A receives odds of, while bettor B is doing some line shopping and receives on average betting rates of Now if they both bet a games a year, this will leave them both with a. Odds are one of the important factors in sports betting, and you need to make sure you understand their purpose and function. As you will see below, there are different odds formats, but they all play the same role they help you determine if a bet is worth placing or not.

You certainly need to read about odds in detail to figure out what they are before you place a bet. What is typical of these odds is that they are expressed in a negative or positive number. If a negative number is displayed, it serves to show how much money you have to give away to win back If a positive number is displayed, it shows how much a bet would win if it is correct according to the news. Cricket Odds are predetermined by the ranking of the International Cricket Council and the recent form of the teamcountry.

At Oddspedia, there is Value Bets a system that helps a gamer to run a mathematical swipe across all the popular bookmakers to ascertain the most profitable. It compares market odds from average odds to form a unique figure, ideal as an objective odd.

Odds in cricket betting are statistical numbers derived from team rankings, recent forms, player ratings, and teams’ comparison, which are used to predict the probability of the outcome of the result. A high odd signifies a low probability of occurrence while the reverse applies. For instance, if a game has odds and the gamer stakes 20, the total winnings will be.

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What are Cricket Betting Odds and Why do we Need Them. Before we show you a magic trick that can solve all your problems with finding the best odds in cricket, we should revisit the basics first. For example, many punters in India do not fully understand the purpose of odds in sports betting.

Well, the odds are a numerical expression of mathematical probability. In other words, they show the likelihood’ of something happening. As such, they play a big role in sports betting, no matter which sport is your favorite.

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The odds are important because they determine how much money you will make afte. Cricket betting odds form the backbone of the whole betting exercise whereby it is the odds that determine your potential winnings.

As a punter, it is imperative for you to understand their importance and use, so that you can make the right choices and enhance your chances of winning more. Here, we will provide you with all the deets about the odds that will make you an informed punter. This simply means, to win the bet, you need to be perfect with your basics of odds. Let us have a look What are Cricket Odds? You always come across few numbers presented in either fractional or decimal format while you are placing your bet.

Those numbers are what are called as odds, for example Team A and Team B etc.

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F we talk about ipl betting then we all know odds are the main important part of cricket betting. First we should clear the meaning of odds in betting after that we can start ipl betting tips First we should clear the meaning of odds in betting after that we can start ipl betting tips. There are some terms of odds like rate, back, lay, session, lambi etc. In any match there is a odd or we can say it’s a term according to the team and players of the particular team.

At the time of starting a match we see that which the favorite team is.

It means that which team is best in every manner according to the team strength and players profile. After that second term comes that back and lay. Compare cricket betting odds and place your bets with bookmaker that benefits you the most.

Betting on cricket at the best odds can help you win up to 20 more. Navigate below through the list of all upcoming cricket betting events with the latest cricket odds comparison. Learn everything you need to know about sure bets and make profit now!. Maximising Expected Return to Risk Ratio. Staking Plans with Simultaneous Bets. If you enjoy hedging your bets when odds move in your favour, then an exchange membership is highly useful.

For a simple head to head bet, the betting agency type makes little difference. Hedging with a bookmaker is easy because you can simply bet on the opposing outcome at the new odds. For tournament betting, however, hedging with a bookmaker becomes difficult because this would involve backing every other outcome. With an exchange membership you can hedge your bets by simply placing a lay bet on the previously selected outcome. Cricket bets are available in huge numbers due to the popularity of this sport in Asia and across the world.

However, the process of identifying the best betting odds can take a while when the punter is not using a proper tool to compare the numbers. This is where OddsDigger comes in with the excellent tool that helps segregate through the different numbers in a couple of seconds. The great thing about cricket match betting is just the sheer amount of options that the punter has. There is almost no limit as to what you can wager on. It’s very similar to Football and a lot of the major team sports.

It’s like an Aladdin’s Cave’ for all the punters out there.

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Cricket betting odds are available with the majority of UK bookmakers.

No matter your choice of a bookie, you should have the opportunity to bet on cricket markets throughout the year. If you’re new to betting on cricket, we’re here to help. When you first approach the game, it can be difficult to gauge which markets are most appropriate. Which cricket odds suit your betting style? We’ll discuss how you can assess cricket betting odds in this guide. In cricket, this form of betting works slightly differently to what you might expect from a football Handicap.

The easiest way to explain Handicap betting in cricket is to use a limited-overs example. Let’s say that Lancashire is playing Yorkshire in a over match. Lancashire bat first and score runs. Cricket betting odds are designed to reflect this. Bookmakers set their odds on the likely outcome of matches, with public opinion also playing a role.

In short, a stronger team that attracts more betting will be favoured over a weaker, less attractive side, and you will win less money should you bet on the favourite. There are several different formats that you might see cricket odds displayed in, though two are particularly common. Fractional Odds display potential payouts as a fraction. What are odds in cricket betting? Odds represent the payouts that you will receive if you win a cricket bet. They are based on how likely a bet is to win the less likely the outcome, the more you can profit if it happens. Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange.

In Australia, the practice is usually known as "SP betting". It is customary with fixed-odds gambling to know the odds at the time of the placement of the wager the "live price", but the category also includes wagers whose price is determined only when the race or game starts the "starting prices".

It is ideal for bookmakers to pricemark up a book such that the net outcome will. Profitable cricket betting is about more than just choosing the correct winner or top batsman, it’s about finding value for your bets. Our cricket odds feed is made to help you quickly compare current market rates on various bets and help to capitalize on the best price for your bet. A smaller version of our cricket odds feed can be found on our homepage announced.us, it provides our visitors with odds on the most current matches mostly current day matches.

Fractional Odds This system is most popular in the UK. The odds are shown, of course, as a fraction where you break it down into units. For instance, for 74 odds, it would take a bet of 4 units to win a profit of 7 units for a total payout of 11 units. Example If you were to bet Rs.

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Online cricket betting in India is a tale as old as time itself. Whether it is the Indian Premier League, Cricket World Cup, or an India-Pakistan match, everyone wants a piece of the action and make some real money. But given that there are so many sportsbooks to choose from, each with highly competitive odds, it can be quite troublesome to find the right bookie online. With that in mind, the team at Bet India has compiled a list of the reputed, best cricket betting sites to help you make the most of betting on the game.

Whether it is live betting on mobile or playing with Indian rupees, these. Understanding odds is the biggest challenge that anyone new to betting faces.

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But what do odds actually represent, and how can you understand the return value for a given stake?

Once you get past that hurdle, you can compare odds between bookmakers. However, if you consider betting to be just about odds, you’re missing the bigger picture. To really expand your understanding of odds and betting, you must also understand how to calculate probability.

Considering how we are faced with risk every single day of our lives what are the chances of me making that train on time? It is suprising how unfamiliar the average person is with being able to calculate probability.

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It is important that you always only bet what you can afford to lose. Never try to chase losses as this might incur in further losses. What Do Cricket Betting Odds Mean? Let’s say for instance, that India are playing against England in an ODI. You get India at to win the match. Exploiting valuable odds is the best way to try and gain an edge against bookmakers. How Do Cricket Betting Odds Work. A betting odd opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker.

Read more on the math behind gambling and seeing if the odds are in your favor. Lastly, using the American methodology, Australia's odds to win the ICC Cricket World Cup is Therefore, the implied probability equals +.beginaligned left frac + times right.

The key is to consider a betting opportunity valuable when the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker. Why Does the House Always Win.

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Cricket Betting Best Cricket Betting Sites. What should you look for in a Cricket Betting Site? The betting site also comes with a necessary responsible gambling section. Overall, the betting site is safe and secure, and ensures that your personal funds are not leached on to, and that your personal identification information is not divulged to third party organizations. Betting on cricket in India may not be very common on a professional level, but it does exist.

Some of the websites that provide the best betting experience in the field of cricket can be found in this article. Getting the best possible odds is very important when betting on cricket or any other sport.

The better your odds are, the more profit you will make when you win a bet.

We have dedicated an entire article to answering this question, which can be found just below. Your complete guide to online cricket betting, including tips on finding the best cricket betting sites based on value for money and fair play for customers. Some cricket betting sites are better than others, so how do you know that one will be right for you? What we really want from a bookmaker is a good mix of choice and value the choice comes from a wide set of markets that go beyond the result and offer other options such as top batsman, top bowler, most sixes, a man of the match and more.

The India’s TOP 10 Cricket Bookies Online for. Pre-match cricket betting usually offers the very best odds, but you are at something of a disadvantage because you won’t know how the action is unfolding. Our top tip is to wait for the toss before making any pre-match wagers. As you might know, the cricket odds for a specific match change as the match goes live’. So, for example, if Rohit Sharma gets India off to a flying start with the bat then their odds will shorten, i.e. You will make less profit betting on them.

So the advantage of live cricket betting is that you get a better picture of the match, although you might have to accept low What is Live Cricket Betting? Do you think that England will win the Ashes?

Do you believe the Sunrisers Hyderabad have what it takes to win the IPL.

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Cricket betting tips How Online Cricket Tipsters Sites Are Helpful For Bettors? How to get real cricket betting tips? Identify the best suitable odds of cricket and bet within your budget Introducing About Cricket Betting Methods Make smarter bets with the free cricket betting tips Online Betting Bookie Online cricket betting site give. A guide to online cricket betting in India recommended cricket betting sites, betting strategy, IPL betting, FAQs for Indian Rupee INR deposit and more!

Usually, cricket odds vary fairly little.

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But it’s still smart to make the most of your value. The best way to shop for cricket fixtures is to use a cricket odds feed. This allows you to view the odds of many sites at once before making your choice. Be sure to have accounts at two or more online betting sites to shop around for better odds.

Live Cricket Betting with In-Play Markets. A special type of cricket bet available to punters is live cricket betting. What is the minimum bet for cricket? You will find different minimum bets among the various sites, but Betway offers Rs.

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Getting the best football betting odds also gives you greater scope to absorb unsuccessful bets. If you’ve just won an extra, you can therefore withstand extra losses of in the future. Ignoring the sites that offer lower odds is also something that will help every online gambler, as it should encourage the site in question to be more competitive with their prices in the future.

As already mentioned, just look through our best odds betting tips in order to find the bets with the best odds around. Nowadays, it’s not uncommon for a bookmaker to boost their p. Odds Ratio OR is a measure of association between exposure and an outcome.

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The OR represents the odds that an outcome will occur given a particular exposure, compared to the odds of the outcome occurring in the absence of that exposure. Important points about Odds ratio Calculated in case-control studies as incidence of outcome is not known.

OR 1 indicates increased occurrence of event. OR 1 indicates decreased occurrence of event protective exposure. How do I calculate the new odds? At first I thought I'd take 6 number of balls in an over as an "expected per ball" value and then say, 1 run scored is times more than expected, therefore scale expected final score to, and over score to 6.

However this is going to lead to all sorts of problems Firstly if they score 0 off the first ball, they would be expected to score 0 overall, which can't be right. Secondly, scaling by makes almost runs, this jump is in no way justifiable after seeing just one ball. Modelling cricket is interesting, but I wouldn't bet real money on the outcome if you are using assumptions like these!

Also I think that is what everyone else who's gambling on cricket is using.

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A cricket betting site which provides you with competitive betting odds will increase your chances of winnings considerably. The best way here is to join the best cricket betting sites that offer the best odds for a cricket match. You can also choose to try multiple online bookies and see which site is offering the best sport betting odds before placing a bet. Both brick-and-mortar casinos and betting options marketplaces charge a commission on placing a bet.

This is what is supported by betting exchanges. Here, you cannot only place your bets but trade them as well to ensure that you always make the profit, no matter what.

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Odds can be found on number of runs off the next ball, mode of next dismissal and total runs the spread for which will routinely change as the game goes on. Pros It offers an intense gambling experience. Knowledgeable gamblers might be able to identify gaps in the algorithms employed by bookmakers to create live, changing odds.

In Test, over and T20 cricket the betting markets will shift dramatically and you’ll have to as well. Many more runs will be anticipated in Tests, and centuries and five-fors are much more common. Methods of dismissal will be much more varied in the shorter formats and run outs more common. There’s no point betting on a tie in T20 and ODIs but when it comes to first-class cricket a draw there is a difference in the definition is much more likely.

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Regardless if you like to place bets on evens odds or not, you have to learn how to calculate the odds ratio. It’s not necessary to study statistics, not even memorize the official definition of the term. All you have to keep in mind is the following The odds ratio describes the difference between the odds probability and the actual probability.

For example, if a basketball team is given over odds to win a match, this means that the bookmaker estimates that they have less than 50 possibility to earn victory.

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If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event unfolds. Odds tell you the likelihood that an event will occur a team wins, a boxer makes it a certain round and how much will be paid out if you win.

There are, however, multiple ways to convey this information. If someone bets 50, and the odds are, what is winningsloss? Means the team is the favorite to win, so you have to put up to win plus your original bet.

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Definitions of bet, odds, and stake Betting odds are the price for a bet there is no connection between market odds and true probabilities. Oxford Dictionary The ratio between the amounts staked by the parties to a bet, based on the expected probability either way. The problem with the above definitions and many other definitions found in dictionaries is that odds are not necessarily connected to the real chances of something happening, not even to expected’ probabilities.

Just think of British odds, European odds, and US Moneyline odds. British odds show the net return of a bet, European odds display the net return of a bet plus the original stake, and US Moneyline odds exhibit the money wagered either to win units, or th.

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American betting odds are easy to understand. When you see a selection with [ - ] in front of it, you’re looking at the favorite. That negative sign indicates how much money you need to bet to win Let’s take a couple of examples to see how easy it is to understand these sports betting odds Baltimore Ravens [] bet to win A money line bet is otherwise known as a straight up bet and this is the best option if you are certain that one team is going to beat another team.

Recall the +- odds listed above? When you see a +, that’s how much you can win for every you bet, and when you see a - that’s how much you need to wager to win With moneyline bets, you can instantly calculate how much you’re going to get paid and lock in your bet to get that payout.

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Odds are the return you can expect to get if the horse you bet on is successful. It reflects the amount of money bet on a horse the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of, etc, it expresses the amount of profit to the amount invested. So odds of mean that for every 2 invested, the punter gets 7 profit in return.

This means when you bet 2, the total return if the bet is successful is 9. Similarly, if a horse is at even money ie, it’s 2 profit for every 2 invested, or a total return of 4.

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Betting on cricket is considered as sports-betting, which is illegal in a vast amount of countries throughout the world. A few exceptions meaning places where you can bet on cricket and sports without breaking the law are the UK, Monaco and Las Vegas USA among others try Latin America for more options. Binary betting is the action of betting on more than one potential. Binary Betting displays the odds of a bet index and the settlement amount depending on the bet.

Binary Betting has a fixed odds system and are free of tax duty. Binary Betting may be an option for start up traders.

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Fraction odds tends to be the default format with the majority of bookmakers although exchange betting sites will use decimals as standard so let’s start with them. A typical example of a price listed with a bookie in a fraction odds is 174, which means that you would have to place a bet of 4 to get a profit of 17 back plus your own initial stake, of course.

In decimal terms, evens works out as, because 2 is what you would win for a 1 stake. It is therefore the case that any odds like 101 are displayed in simple terms as in decimals, while anything lower than evens as a decimal for example 34 will be.

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Cricket betting is a form of gambling where bettors attempt to predict the winner of cricket betting markets that are made available by many of the leading bookmakers. These markets focus on a range of matches from international Test, One-Day and Twenty20 International to domestic matches.

These focus on picking an outright winner, either going for a straight win or an each-way bet. In cricket, your selection is placed if it reaches the final or ends the league as a runner-up, so you may get 13 the odds if your team finishes second.

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This unique rating is based on several criteria, including traffic rank, user reviews and payout. Show All Bookmakers and Bonuses.

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Get free cricket match prediction, betting tips, live scores and bookmakers reviews online at Cricket tips We offer free cricket betting tips prediction for upcoming international and domestic ODI, T20 Test matches Visit here to get today s IPL match betting tips!

Do I have to be a specialist in cricket? To be honest, you don't have to be a pundit of cricket for betting. Decent knowledge about the different cricket rules will be more than good enough for that purpose.

In a betting site, what are the things I would look for? As a bookmaker, you need some related information that may help you to place your bet. For example, live streaming, live betting competition, broader cricket tournaments, in a single word it will be a complete checklist of betting.

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Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The team wagered upon might be to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. In general, most sportsbooks will prefer this type of wager due to the low win-probability, and also the longer period of time in which the house holds the player's money while the bet is pending.

In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. Odds are also quite often expressed in terms of implied probability, which corresponds to the probability with which the event in question would need to occur for the bet to be a break-even proposition on the average.

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There are a number of outright betting markets well worth betting on currently, with some brilliant odds being offered by the major bookies. Grab 112 for Milwaukee Bucks to Win Bet 112. Get 301 for Denver Nuggets to win the Northwest Division Bethard 301. Point Spread betting is very similar to handicap bets and essentially involves the favourite of a game having to overcome a points deficit in order for you to win the bet.

For example, if you were to place a Point Spread wager on the Mavericks versus the Knicks, it might look a little like this Mavericks 1011.

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Football Betting Odds, Odds Comparison, Sports Betting Odds. The prices offered by bookmakers are perhaps the most important factor to consider in the long-term, with our odds comparison page offering everything that you need to know when looking for a new betting platform. No matter what your sporting preferences are, we also look into the bookmakers who offer the best prices, with both Nigerian and international bookmakers on offer.

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Bitcoin Odds Checker covers the top soccer, basketball and American football events. Find the latest odds, Bitcoin sports betting tips, and more! There’s never been a better time to admire and get a kick out of sports betting in company with Bitcoin Odds Checker.

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Welcome to Betfair's Cricket Hub, your complete home of cricket betting for the summer. We'll have expert previews for every Australian and New Zealand international, every BBL game and the WBBL finals.

Bookmark your cricket betting home now. As we mentioned, Betfair isn’t a bookie. So you’ll often find the best value on the Betfair Exchange.

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Handicap betting affects the way that odds are presented, and it is important to gain a solid understanding of this type of betting in order to be able to interpret those odds and place effective handicap bets. Handicap betting exists to make one-sided sporting contests a more exciting, enticing proposition for those who enjoy betting.

To this end, many bookmakers offer no draw handicap match betting, so that there is a guaranteed winner of the game in terms of the bet, regardless of the actual outcome of the game. The way that no draw handicap match betting is set up is by giving half handicaps to certain teams. For example, in a Premier League match between West Bromwich Albion and Aston Villa, the bookmaker has given West Brom a handicap of +.

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What are Implied Odds in poker? Implied Odds describe how much you may win on future hands based on the amount you need to make the next bet. Using Implied Odds is a way of figuring out whether placing the next bet against your opponent is a good idea or not.

Calculating an Implied Odd in poker works in the same way as calculating Pot Odds, but Implied Odds take into consideration any estimated future betting. What does Pot Odds in poker mean? Pot Odds are the ratio of the current size of the pot, or winnings, to the cost of a call. For example, if there is 5 in the pot and your opponent bets 1, this will mean that youll have to play one sixth of the pot.

Only then will you gain the chance to win it.

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Start placing sports spread bets and sports fixed odds bets instantly! Sports spread betting explained. Many of our spread markets are very different to our fixed odds betting markets meaning you don’t need to simply decide who is going to win the big match, which horse will finish first in the big race or which golfer will come out on top. On many of our markets you can bet on the winning margin, the number of goals, how many runs, the fastest time, etc. For example a 10 buy of a batsman’s runs in a cricket match would have a much bigger winloss possibility than a 10 buy on a football Supremacy market.

It is also important to appreciate the potential maximum or minimum 'make-ups' of a market you plan to bet on.

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