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Sportsbook odds are a way to represent the likelihood of an event occurring, helping bettors understand potential payouts. They come in three main formats: decimal, fractional, and moneyline. Decimal odds show the total payout for a winning bet, including the stake. Fractional odds indicate the profit relative to the stake, while moneyline odds reflect how much you can win on a bet of a certain amount. Understanding these odds is crucial for making informed betting decisions and maximizing potential returns in sports wagering.
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