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Over/Under: This bet involves predicting whether the total number of goals scored in a match will be over or under a certain number set by the bookmaker. nba playoffs 2023 today, It's also important to understand the concept of implied probability. Implied probability represents the likelihood of an event occurring based on the odds offered by the bookmaker. To calculate the implied probability, divide 1 by the decimal odds or use the following formulas for fractional and American odds:
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