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profsummergigtoday at 9:25 PM1 replyview on HN

In case the author is here:

What's the difference between "win probability of win" and "odds", please? The seem the same thing to me.

And also, what are "decimal" vs. "american" odds, please?

Thanks.


Replies

kgwgktoday at 10:04 PM

‘Odds’ is the payout, the price of the bet, the prize you may win. And the ‘win probability’ is the probability of winning as the name suggests.