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Margin is in relation in order to the profit that bookmakers make on bets. Dealers will adjust odds and market fluctuations in such a method that it is impossible in order to lose money. The particular term ‘chances’ refers to the probabilities or likelihood regarding an event occurring. It is usually expressed as a fraction or in decimal, such as 2/1 or 3.zero. The higher the odds, the less likely the event is expected in order to happen.

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