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Calculating the implied probability from betting odds allows you to determine the likelihood of an outcome. This knowledge is valuable for identifying value bets. The formula for converting odds to probability depends on the odds format. NBA, NFL and MLB live betting, Avoid Chasing Losses: Losing streaks are a part of betting, and it's important to avoid chasing losses. Stick to your betting strategy and resist the temptation to make impulsive bets to recoup your losses.
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