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How do you interpret odds ratios?
Odds Ratio is a measure of the strength of association with an exposure and an outcome. 1. OR > 1 means greater odds of association with the exposure and outcome.
2. OR = 1 means there is no association between exposure and outcome.
3. OR
Have a appear at them, take into account the form of the two sides and all the opposite components you typically would if you have been an actual odds calculator. Penalty shootouts are essentially a lottery, and odds of 1/1 would mirror that. Quick time period randomness round this percentage is what tends to make gambling fascinating – having said that more than longer time intervals, gamblers will shed this percentage of all the funds they guess. Here’s the element, the bookies know that the majority of punters are prone to back the underdog at higher odds. Bettors typically chase these odds in the hope of a massive win. For the sensible, long run bettor this can be a waste of effort and time. Granted you get the occasional 5,000/1 Leicester City story the location one punter makes hundreds.
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