What does 700 mean gambling

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Then, from there you can see what the probability is for the different outcomes. So, in the case of 7 to 1, you would get 8 as your initial answer.

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In terms of working out what the probability is, you have to add the two numbers together and then from there you can work out what the chances of winning are.

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When it comes to the probability, 7/1 is showing the chances of the bet being a winner. Although both of these things are intrinsically linked, they also stand apart from each other in how they apply to you. The first is the probability and the second is the payout.

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There are two different things that you need to understand when a sportsbook offers 7 to 1 as odds. They are normally shown in the form 7/1 on these sites. If you’ve ever looked at horse racing or soccer, or even used a sportsbook that’s located in Europe, there’s a good chance you will have come across fractional odds.

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