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You place a $50 bet at 2.40 odds and the app shows a $120 payout. Looks good. But how much of that is actually profit? This is where a lot of bettors get confused. Sportsbooks usually display total return, not…

Betting winnings are calculated by multiplying your stake by the odds. Formula:Stake × Odds = Total ReturnStake × Odds − Stake = Profit The total return includes your original stake plus your profit. The profit is the amount you win…

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