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High odds are when a betting selection could produce a large payout, but the bet is less likely to happen. In contrast, the term low odds means an outcome that is more likely to happen, but for less value.

High Odds Explained - What are high odds and how to bet on them?

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Betting odds are a way to represent the probability/likelihood of an event occurring. Who will win Eurovision Song Contest? The lower the odds for a participant are, the more likely is it that the participant will win Eurovision.

How do odds work? - Eurovisionworld

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