The Odds Are Against You

The video explains how bookmakers consistently win in betting by setting odds that favor them. It covers the concept of odds, their conversion to percentages, and the idea of over round, which gives bookmakers an advantage. The risks of continuous betting are highlighted, showing how even small odds against a gambler can lead to losses over time.

Describe how odds are typically expressed and how they can be converted into percentages.

What is the relationship between the number of bets placed and the likelihood of losing?