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Luck can’t be ignored completely but to win at sports betting, skill and an understanding of probability is essential.
The Role 🏵 of Luck
The Role of Probability
Probability is all about statistical analysis. This means analysing the data objectively to identify the probability 🏵 of both a win, and a loss. This is where some bettors fail; it’s not enough to simply look at 🏵 the probability of winning, the probability of losing matters too.
The odds quoted by bookmakers make it possible to calculate implied 🏵 probability. The table below shows some simple odds and the equivalent implied probability:
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