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Every bettor hopes that Lady Luck will be on their side, but a profitable day at the office requires more 👄 than good fortune.

Luck can’t be ignored completely but to win at sports betting, skill and an understanding of probability is 👄 essential.

This guide examines the roles that luck and skill both play in a winning bet.

The Role of Luck

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  • Betting odds are the ratio between the amount staked by the bookies and the bettor, so 7/1 means the bookies stake seven times the amount the bettor has wagered. If the bettor wins; their predicted outcome materialises; they will take seven times their bet from the bookie (in this case).
    The withdraw methods offered by Sportsbet are Bank Transfer, Credit Card, PayPal and Sportsbet Cash Card. Please note that all withdrawal methods must be in the account holders name.
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