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To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).
To convert from a probability to odds, divide the probability by one minus that probability. So if the probability is 10% or 0.10 , then the odds are 0.1/0.9 or '1 to 9' or 0.111. To convert from odds to a probability, divide the odds by one plus the odds.
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At the moment, there is no legal sports betting in California. It is unlikely that sports betting will be legalized in 2024, as the earliest expected legalization is 2024 or 2025. For now, online sports betting is only available through social sportsbooks.
In California, online gambling remains a complex issue since the state has not yet legalized and regulated it. While there are no explicit laws prohibiting it, there are some laws that could be interpreted as such, such as the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).