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Taking these factors into consideration will help you make more informed betting decisions and increase your chances of success. sports betting in texas, Converting moneyline odds to probability depends on whether the odds are positive or negative. For positive odds, divide 100 by the sum of the odds plus 100. For example, if the odds are +150, the calculation would be 100 / (150 + 100) = 0.4, or 40%. For negative odds, divide the odds by the absolute value of the odds plus 100. For example, if the odds are -200, the calculation would be 200 / (200 + 100) = 0.6667, or 66.67%.
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