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Moneyline odds and implied probability

American moneyline: -150 means bet 150 to win 100 (implied probability 60%); +200 means bet 100 to win 200 (implied 33%). Convert: negative odds → odds/(odds+100); positive → 100/(odds+100). Sportsbooks build in vig, so implied probabilities across all outcomes sum to over 100%.

Related: no-ball off the seam on the stumps outside edge

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