From what little I can remember from the time I spent working as a porter in a Book in Vegas, 1:1 (aka even money) means the odds are that it's going to happen for sure. However, to my line of thinking, you're at least theoretically correct on the higher payout angle.
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Shouldn't it be 1:∞? IF...I remember correctly, ∞:1 implies it'll never happen.
but it's a higher payout because the odds are longer.😅🤷♀️
this is knowledge I'll never need lmao😂