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Now that you understand the basics of moneyline odds, let's dive into some strategies that can help you make smarter betting decisions. NBA, NFL and MLB live betting, Kelly Criterion: The Kelly Criterion is a mathematical formula used to determine the optimal size of a bet based on the perceived edge of a wager. It takes into account the probability of winning and the odds offered by the bookmaker. The Kelly Criterion suggests betting a percentage of your bankroll proportional to the perceived edge.
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