How Payout & Hold Work

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2026-03-12 11:48:41 -

I remember the moment I realized I didn’t actually understand the numbers behind sports markets. I had been looking at odds for years, casually reading them and assuming they simply reflected probability. If a number looked higher, I assumed the return might be better. If it looked lower, I figured the outcome was more likely. Then I encountered the concept of payout and hold....

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