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Cheltenham 2013: Odds and the pursuit of valueRTE.ieBetting exchanges and the potential for arbitrage have also limited the influence of bookmakers. Percentages, odds & prices. A basic grasp of odds and percentages is vital to . In any sporting bet these odds can only ever be approximated, and are by .

It was, of course, the Ireland-based betting market that was most famous for letting people . Years ago, I had an Intrade account, which I used to bet on sports (the exchange subsequently split off its sports operation). I had great fun, for example .

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