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You will understand by experimenting this way just how tricky it can be to ensure a profit, by laying bets to other punters at different Online Sportsbook & Casino stakes and odds. Especially when you are competing with many other people doing exactly the same. Odds on is the term used to describe a bet where you will need to stake more than you will win, In fractional terms, this is anything with odds of less than EVS, so 1/2 is odds on.