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You’ll do better at UK online bookies if you calculate your stake using a formula that’s known as the ‘Kelly Criterion’, after its creator. If your $100 bet had odds at +120, normally your bet would've earned you $120 if it cashed. These change frequently, so always check your options before you place a bet. Even non-sports are available for betting in many jurisdictions. 1 Jul 2022, 4:15pm.
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