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Betting odds can be confusing for newcomers, but they can be broken down in an easy way. Betting odds show the probability of a successful bet followed by your stake size as two numbers; so for instance if the odds for Collingwood to win the AFL premiership are 4/1 this means for every bet you win profit; odds will differ depending on which bookmaker is offering them; in Australia most commonly used format is decimal odds. Best Football Betting Software, Section 1: Understanding Accumulator Betting
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