Why are fractional odds still commonly used in some regions? If the probability of an event is 52.38%, what are the fair odds in fractional form?
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what is 11 10 odds
- How does the margin or vig affect 11 to 10 odds?
- How are these two expressions of odds related? How do 11 to 10 odds compare to even odds (1 to 1)?
- Are the principles of probability and expected value the same for both sports betting and financial trading?
- Are there common biases that might lead to predictable mispricings in the odds?
- How do 11 to 10 odds relate to the Kelly Criterion for bet sizing? What are some betting strategies that work well with odds around 11 to 10?
- How can you improve your critical thinking skills to make better judgments in various situations? Could you explain 11 to 10 odds using a simple example involving drawing balls from an urn?
- If the expected value of a bet at 11 to 10 odds is positive, what does that imply?
- How does the frequency of winning at shorter odds play a role? How do parlays or accumulator bets work when individual selections have odds of 11 to 10?
- How do bookmakers make a profit when offering odds like 11 to 10?
- 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?
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