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Behind every set of odds lies an implied probability - the estimated likelihood of the predicted outcome occurring. Understanding how to calculate implied probability is crucial for assessing the value of a bet. The formula for converting odds to implied probability varies based on the odds format, and we'll explore each method in detail. Read on for CODE Bet's guide to the best Premier League teams to bet on as a favourite or underdog this EPL season, Educate Yourself on Betting Regulations:
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