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In football betting, 1/1 refers to even odds or evens. This means that if you place a bet and win, you will receive back your original stake plus an equal amount in winnings. For example, if you bet $10 at 1/1 odds and win, you would receive $20 back ($10 stake + $10 profit).
This type of odds is commonly used in fractional odds formatting, which is popular in the UK and other Commonwealth countries. The first number represents the potential profit, while the second number represents the stake. So 1/1 means you win 1 unit for every 1 unit staked.
In probability terms, 1/1 odds imply a 50% chance of the event occurring, as the bookmaker believes both outcomes are equally likely. However, it\“s important to remember that bookmakers build in a margin, so the true probability might be slightly different.
1/1 odds can be found on various betting markets including match results, both teams to score, over/under goals, and many other football betting options. |
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