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If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Implied Probability. Odds can be converted into probability. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Odds Conversion Table

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Sometime referred to as a welcome package, a sign up bonus free bet is given to customers as a way to get them to open a new account at an online sports book.

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