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Poisson Distribution formula: P(x; ) = (e-) (x) / x! Just input the goal occurrences and team's scoring probability, and you all get the chances of each possible case.

Implied probabilities are calculated based on the odds of an event occurring. To calculate the implied probability, bettors have to simply divide 1 by the odds. For example, if a team has odds of 2.50, the implied probability would be 0.40 (1/2.50). This means that the team has a 40% chance of winning the game.

Betting odds explained - How do odds work and how to read them?

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They are American money line odds; for example, +200 signifies the amount a bettor could win if wageringR$100. If the bet works out, the player would receive a total payout ofR$300 ($200 net profit +R$100 initial stake).

How Do Odds Work in Betting? - Investopedia

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For example, 3/1 odds mean you profit three times the amount you wagered. AR$1 bet at 3/1 would pay outR$4 in total, or aR$3 profit and yourR$1 original wager. Conversely, 1/3 odds mean you profit a third of what you wagered. AR$30 bet on 1/3 odds would returnR$40 total, or aR$10 profit and yourR$10 original wager.

How Do Sports Betting Odds Work - Forbes

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