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Soccer betting odds represent the probability of an event occurring, such as a team winning, losing, or drawing in a match. These odds also help determine the potential payout a bettor can receive. Odds are presented in different formats, such as:
- Decimal Odds (European format):
- This format is widely used in Europe and other parts of the world. Decimal odds represent the total amount a bettor will receive for each unit wagered, including the original stake.
- Example: Odds of 2.50 mean that for every $1 wagered, the bettor will receive $2.50 if the bet is successful (a profit of $1.50).
