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For example, Jeff Gordon may be listed at 4-1, Jeff Burton at 15-1, Casey Atwood at 100-1, etc.Probability and odds are two basic statistic terms to describe the likeliness that an event will occur.In settling winning bets either decimal odds are used or one is added to the fractional odds: this is to include the stake in the return.
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Gamblers tend to think in terms of symmetrical bets, so 4 to 1.
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