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My advice is to study this information or at least glance at it to find good strategies. In a 3-horse race, for example, the true probabilities of each of the horses winning based on their relative abilities may be 50%, 40% and 10%. The total of these three percentages is 100%, thus representing a fair ‘book’.
But last year’s runner-up, the Kansas City Chiefs, are struggling this season and looking nothing like the team that won 14 games last season. Continue reading