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Betting odds represent the probability of a particular outcome occurring. They are typically expressed in three formats: decimal, fractional, and American. Decimal odds represent the total payout, including the original stake, while fractional odds show the potential profit relative to the stake. American odds indicate the amount you need to bet to win 0 or the amount you would win from a 0 bet. DraftKings Super Bowl Prop Bets List , The Kelly Criterion: This system involves calculating the optimal bet size based on your perceived edge and the odds offered by the bookmaker. It aims to maximize long-term growth while considering the risk involved.
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