What does a positive expected value indicate? What is the difference between the odds of an event happening and the odds against it happening?
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what is 11 10 odds
- What are the advantages and disadvantages of using system bets compared to single bets or parlays? How does the concept of hedging work in betting and when might you consider hedging a bet placed at odds like 11 to 10?
- How can you incorporate prior knowledge and beliefs into your betting analysis?
- How do bookmakers make a profit when offering odds like 11 to 10?
- What are the potential reasons why odds might shorten?
- How can you identify biases in your own betting decisions by analyzing your historical results?
- What are some resources for improving your understanding of betting odds and probability? How can you use a betting odds calculator to help you understand 11 to 10 odds?
- How can you track your betting performance over time to evaluate your strategy and identify areas for improvement? What metrics can you use to assess the profitability and efficiency of your betting strategy?
- Do sharp bettors typically target markets with smaller betting limits or less liquidity?
- Are there times when the market consensus might be wrong? If you were trying to explain to a child what 11 to 10 odds mean in a simple way, what analogy or example might you use? How does the perception of risk differ when betting on short odds like 11 to 10 compared
- How can you illustrate this with a simple example? If someone tells you the odds of an event are "eleven to ten," what should your initial understanding of this statement be in terms of likelihood?
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