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Odds are also an important factor when participating in betting. Bookmakers will provide odds for each sporting event or casino game, and understanding how odds are calculated will help players make more accurate decisions. The higher the odds, the lower the chance of winning, but if they win, the player will receive a large reward. Conversely, low odds indicate a higher chance of winning but a smaller amount of money won. Players need to assess the situation and choose the odds that match their risk tolerance.

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Odds for yellow card betting in Euro 2024 range from 2:1 to 5:1， and vary depending on the nature of the match. Matches with many fouls or between teams with strong attacking styles will have high odds for yellow cards.

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When playing sports betting, players can also apply the "betting exchange" strategy. Instead of just betting on the odds offered by the bookmaker, you can trade with other players to bet on a different odds. One advantage of betting exchange is that you can bet on the losing team, instead of just betting on the winning team. This is a special strategy in matches with unfavorable odds, helping players optimize profits.