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These events, which are popular in Europe, feature computer simulations of races. The television station TVG also broadcasts racing 24 hours a day. So, it’s possible to catch relevant race footage that way, too. There are different levels of these with stakes races at the top.

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Having these fundamental principles of betting odds explained is the first step to making successful wagers. Though the format they’re shown in and the calculations that determine your winnings change, betting odds are always a measure of how likely a sportsbook finds an outcome. Here’s a quick reference for some common questions on betting odds explained. Read more