PM: SCC28
In gambling, ?odds? rarely mean the actual chance of a win. Most of the time, when the word ?odds? is used, it refers to a subjective estimate of the odds rather than a precise mathematical computation. Furthermore, the odds posted by a racetrack or bookie will not be the ?true odds,? but the payout odds. The true odds are the actual chances of winning, whereas the payout odds are the ratio of payout for each unit bet.
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Posted By: essexcanaryOTBC on September 16th 2015 at 01:22:09
Message Thread
- PM: SCC28 (Betting) - essexcanaryOTBC, Sep 16, 01:22:09
- Its because bookies have to make money......... (Betting) - usacanary, Sep 16, 10:24:43
- Obviously. (Betting) - essexcanaryOTBC, Sep 16, 12:06:24
- I refuse to believe you are this stupid (Betting) - SCC 28, Sep 16, 01:52:25
- Chances of the earth being flat? (Betting) - essexcanaryOTBC, Sep 16, 02:23:04
- Yep you do that good luck! (Betting) - SCC 28, Sep 16, 02:28:04
- Chances of the earth being flat? (Betting) - essexcanaryOTBC, Sep 16, 02:23:04
- Its because bookies have to make money......... (Betting) - usacanary, Sep 16, 10:24:43
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