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Odds refer to the ratio or probability of a certain event occurring compared to it not occurring. They are commonly used in gambling, sports betting, and statistics to express the likelihood of an outcome. In a betting context, odds can be presented in different formats, including: 1. **Fractional Odds**: Often used in the UK, these odds show the profit relative to the stake.

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  1. Randomness
  2. Cryptography
  3. Applied mathematics
  4. Fields of mathematics
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