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Kelly Criterion: The Kelly Criterion is a mathematical formula used to determine the optimal size of a bet based on the perceived edge of a wager. It takes into account the probability of winning and the odds offered by the bookmaker. The Kelly Criterion suggests betting a percentage of your bankroll proportional to the perceived edge. Casino Online Free, When it comes to sports betting, there are several common terms that you should be familiar with in order to fully understand odds and make informed betting decisions. Here are a few important terms and their meanings:
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