Calculation of betting odds in sports betting.

The betting odds determine the potential winnings or payout amount, based on the value combined with the wager. In a nutshell, the wager determines the potential return or payout that can be obtained. In simple terms, the amount you bet and the odds assigned to the event will determine the potential profit. The odds play a crucial role in determining the potential outcome of a bet, as they represent the probability of an event occurring and the potential return on investment.

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