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Tote betting allows punters to place their stake money into a pool along with those of other punters and, if your horse wins, if deducted amounts are subtracted out, this total pool amount (minus deductions) is then divided among all winning tickets to produce a payout known as dividend. This method differs significantly from traditional fixed odds betting offered at traditional bookmakers or on racecourses. How do I get kayo sports on my tv, Odds of a bet can be calculated by multiplying the total number of possible outcomes with their respective probabilities; the larger this total number is, the more likely your bet will be successful. Odds can be displayed using various formats - decimal odds tend to be easiest for beginners and are commonly used across Europe while round and fractional odds are more popular in Asia. There are other types of betting odds too such as implied probabilities and predicted returns that should also be taken into consideration when setting odds on wagers.
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