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PREVIOUS：g. 1, 1, 2, 3, 5, 8, 13. ). In this system, bets are placed according to the Fibonacci sequence, with the aim of recouping losses and making a profit. The Kelly Criterion is a mathematical formula that helps bettors calculate the optimal size of their bets based on their edge over the bookmaker & their bankroll size.NEXT：Odds represent the likelihood of a particular outcome occurring, and are typically presented in one of three formats: decimal, fractional, or American (moneyline). Probabilities can be calculated from odds using simple formulas, & can help bettors to assess the potential value of a bet. For example, if a team has odds of 2.00 in decimal format, this means that the probability of them winning is 50 percent (1 divided by 2). If the odds are 3/1 in fractional format, this means that the probability of the outcome occurring is 25 percent (1 divided by 4).
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