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Effective bankroll management is crucial for any successful bettor. In this section, we will discuss the importance of setting a budget, establishing betting limits, and allocating your funds wisely. live football, basketball & esports betting, 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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