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Ratio bias. Gamblers will want gambles with even worse odds that happen to be drawn from a large sample (e.g., drawing a person pink ball from an urn containing 89 crimson balls and eleven blue balls) to raised odds that are drawn from a little sample (drawing a person crimson ball from an urn containing nine crimson balls and 1 blue ball).[60]
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Parimutuel wagers repay at rates based on aid during the wagering pools, while bookmakers pay back possibly at the percentages made available at some time of accepting the bet; or with the median odds offered by keep track of bookmakers at some time the race began. sports activities betting