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When you see the odds presented as 30:1 or 3:1 that's actually just showing the payout for a winning bet, not the likelihood of that team winning. 30:1 doesn't mean that the team is 30x more likely to win, it means that if you bet on that team and they win you will receive $30 for every dollar you bet.
What does odds of 22/1 mean? If you were to betR$10 on 22/1 odds you would receiveR$220.00 in profit if this outcome won. The implied win probability of 22/1 odds is 4.35%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
They Find an Edge\n\n Sports bettors are always looking for an edge. The odds are carefully set so that the sportsbook always wins when all bettors and bets are taken into account. But that doesn't mean that all players lose. If you can tip the edge in your favor by a few percentage points, it could be enough to win.
However, it is widely reported that top players can earn six-figure salaries, and elite players can earn over $1 million per year from all income sources combined. This includes salary, streaming revenue, tournament winnings, and sponsorships deals.