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In the modern era, most fixed odds betting takes place between a betting organisation, such as a bookmaker , and an individual, rather than between individuals. Best Odds Guaranteed does not apply to international racing unless stated otherwise , ante post betting, tote bets, pari-mutuel betting, enhanced accumulators or any other specials. Horse Racing Change Sport American Football Athletics Aussie Rules Baseball Basketball Boxing Cricket Current Affairs Cycling Darts ESports Football Formula 1 Gaelic Games Golf Greyhound Racing Horse Racing Ice Hockey Motor Sport Music Specials Netball Politics Rugby League Rugby Union Snooker Speedway Tennis TV and Film Specials UFC and MMA Virtual Sports Winter Sports. Odds can also be expressed as a number, by dividing the terms in the ratio — in this case it is unique different fractions can represent the same rational number. Casinos, for example, offer odds that place themselves at an advantage, which is how they guarantee themselves a profit and survive as businesses. Converting odds to probability fixes 0, sends infinity to 1, and sends 1 to.
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