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The Indonesian odds format represents the amount of money a bettor stands to win for every unit stake they place. What Are Indonesian Odds? The Indonesian odds format, also known as “Indo odds”, is commonly used in Indonesia and other Southeast Asian countries. In Indonesian odds, the odds are presented as positive (+) or negative (-) numbers. Positive numbers indicate underdogs and potential profit a bettor can earn per 1 unit if they win the bet, while negative numbers represent favourites and the amount a bettor must wager in order to win a profit of 1 unit. For example, if a football team is listed at +1.50 in Indonesian odds at a sports betting site , it means that a bettor stands to profit 1.5 times their stake if the team wins the game. So, if a bettor places a bet of 100,000 Indonesian Rupiah on that team and they win, the bettor will receive 150,000 Rupiah in profit, in addition to their original stake. On the other hand, if a te...

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Implied odds are the estimated probability of an event happening, based on the odds given by the bookmaker. Implied odds are the estimated probability of an event happening, based on the odds given by the bookmaker What Are Implied Odds? In sports betting, implied odds or “implied probability” refers to the likelihood of a particular outcome occurring, as implied by the odds offered by a betting site . The implied odds are expressed as a percentage. It’s important to note that betting sites do not usually present odds as percentages. Nonetheless, it’s important for bettors to understand the relationship between odds and percentages (implied odds). The implied odds can be calculated by the simple formula: Implied odds = 1 / decimal odds The Significance of Implied Odds Bookmakers use probability to determine the odds they offer on a particular outcome. For example, if a bookmaker calculat...

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