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Maybe because they are in a winning streak or they are one of the top 10 global teams. And betting against them continue reading this requires a lot of thinking and decisions to make.

The implied probability of +265 odds is 27.39% (100/(265 +100). Therefore, the fair price of a two-team parlay (both teams at -110 odds) is +300 (100/(300 + 100). This is why sportsbooks will encourage you to make parlay bets. Also, if the sportsbook offers promotions around parlays, you can sometimes get a better value on the odds.

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If something has a higher probability of happening, it is given short odds.

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You are given odds on each Simple Bet that you make, and winning the bet will compensate you with the appropriate payout. 2-1 odds means you will double your original bet, and so on. Both retail and mobile sports betting are legal in Nevada. DraftKings does not currently offer sports betting in Nevada. DraftKings does not currently offer sports betting in the state.