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In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game. We take a $100 risk and divide by the ultimate payout of $300 and get .3333, or 33.33%. So any +200 underdog that wins 34%+ of the time is a profitable bet. If you’re not betting a day, then you would possibly be ready to escape with fudging these numbers just a touch bit.
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