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Payoff is calculated differently for the betting odds in the favorite’s and underdog’s markets, but always centered around the value of $100. For instance, -200 March Madness odds mean that for every $200 wagered on a team, the house will pay out $100 if that team wins. (-500) odds stand for $100 payoff on every $500 wagered at the …

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Everyone dreams of having a sports car at some point in their lives. As a kid, you probably dreamed of having a Ferrari or another supercar. Now that you’re of age to drive, maybe ...

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