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True Odds
generalTrue odds are the actual probability of an event occurring, without any profit margin or 'vig' added by the sportsbook. The difference between the true odds and the odds offered by the sportsbook is the bookmaker's advantage.
Key Takeaways
- 1True odds are the actual probability of an event occurring, without any profit margin or 'vig' added
True Odds
True odds are the actual probability of an event occurring, without any profit margin or 'vig' added by the sportsbook. The difference between the true odds and the odds offered by the sportsbook is the bookmaker's advantage.
Example
A coin flip has true odds of 2.00 or +100, but a sportsbook will offer odds of 1.91 or -110 on both heads and tails, which includes their commission.
The Daily Heater
Best odds across 15+ sportsbooks, delivered daily.