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Understanding how odds work is also crucial in NFL betting. Odds represent the probability of an event occurring and determine the potential payout of a bet. The favorite in a game will have lower odds, while the underdog will have higher odds. It's important to grasp how odds influence potential winnings and calculate the implied probability behind them. Soccer Betting Analysis Program, Probability, on the other hand, refers to the likelihood of an event occurring. It is usually expressed as a percentage or a fraction. Understanding probability allows you to assess the likelihood of a certain outcome and make more informed betting decisions. For example, if a team has a 70% chance of winning according to your analysis, and the odds offered by the bookmaker reflect a lower probability, it might be a good opportunity for a value bet.
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