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Sportingbet is a British online gambling operator, owned by Entain plc. The company was listed on the London Stock Exchange and was a constituent of the FTSE SmallCap Index prior to its acquisition by GVC holdings.
Sportingbet, a renowned online wagering operator, is currently owned by Entain plc, a prominent British wagering company. Previously listed on the London Stock Exchange and part of the FTSE SmallCap Index, Sportingbet was acquired by GVC Holdings.
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    The payout odds for a bet on a single number is 35 to 1. This is odds of winning 1:35. This pays based on a probability of winning PWin = A / (A + B) = 1 / (1 + 35) = 1/36 = 0.02778 or 2.778% (97.22% Losing). The true odds of winning are based on 38 outcomes.
    When you see the odds presented as 30:1 or 3:1 that's actually just showing the payout for a winning bet, not the likelihood of that team winning. 30:1 doesn't mean that the team is 30x more likely to win, it means that if you bet on that team and they win you will receive $30 for every dollar you bet.
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