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Odds with a plus sign are underdog bets. Plus odds tell you how much profit you will get on a $100 bet. A $100 bet with +200 odds nets you $200 profit plus your original $100 bet. If you bet $20, you would profit $40. For the rare even money odds, those can be listed as -100, +100 or EV.
The great thing about the DraftKings bet $5, get $200 bonus is that you get multiple rewards when you claim it. Not only do you earn $200 in bonus bets when you wager $5 on your first bet, but you can also claim No-Sweat Bet Tokens when you wager on a same-game parlay every single day.
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FAQs:
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How to Build a Sports Betting Model in Excel
Select Metrics/Data Points.
Collect Said Data Points.
For fractional odds, the equation is denominator/(denominator + numerator) x 100. A horse that is 7/2 would be calculated as 2/(7 + 2) x 100. That equals 22.22, meaning a team or horse that's 7/2 has an implied win probability of 22.22 percent. Finally, we've got decimal odds, which have the simplest equation.
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