PM: SCC28

In gambling, ?odds? rarely mean the actual chance of a win. Most of the time, when the word ?odds? is used, it refers to a subjective estimate of the odds rather than a precise mathematical computation. Furthermore, the odds posted by a racetrack or bookie will not be the ?true odds,? but the payout odds. The true odds are the actual chances of winning, whereas the payout odds are the ratio of payout for each unit bet.

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Posted By: essexcanaryOTBC, Sep 16, 01:22:09