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How are odds calculated in sports?

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American odds show how much will be won if you placed $100 on a wager (if positive) or how much you need to wager to win $100 (if negative). To work out your winnings, for positive odds multiply your wager by the odds then divide it by 100 and add your stake, so $10 at +450 = (10 x 450 = 4500 รท 100 = 45 + 10 =) $55.
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