Actually, odds are used for displaying the exact amount that a bookmaker will pay you on a winning bet. However, more importantly, they actually represent the probability of a certain amount that a bookmaker will give you. It is, however, important to note that not all bookmakers tend to offer the same odds. In fact, most bookmakers have varying odds. They have different estimations on the basis of which they offer odds. When you use higher odds on placing bets, it enables you to get higher returns on your wins.

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