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A simple formula for calculating odds from probability is
O = P / (1 - P)
. A formula for calculating probability from odds is P = O / (O + 1).
How to Calculate Odds: 11 Steps (with Pictures) - wikiHow
wikihow : Calculate-Odds
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What Does a +200 Money Line Mean? A +200 money line would mean that
if you placed aR$100 bet, you would winR$200
. It also tells you that the team is not expected to win, as it is the underdog in the game.
Money Line Bet: What It Means and How It Works - Investopedia
investopedia : money-line-bet-5217219
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