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Bets placed with the Tote are placed into a pool that's totalled up after each race and any winning bets paid out minus operator commission and any deductions from pool funds - this differs from fixed odds betting with high street or online bookmakers where your bet will be settled at a set price. Cairns NRL Games 2023, Decimal odds represent the total return, including your stake. For instance, decimal odds of 2.50 mean you would receive .50 for every wagered. To calculate implied probability, divide 1 by the decimal odds and multiply by 100.
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Australian lawmakers recently passed a law that requires online casinos and sportsbooks to comply with licensing and compliance requirements, part of a larger effort to restrict online gambling. Although the legislation represents progress, improvements still need to be made. How long does a NRL game last Horse racing was an integral component of early colonial Australian society, thanks to the vast riches from wool production. Many settlers invested huge sums into horse racing - especially in Melbourne where the inaugural major race meeting was held in 1861 and has continued ever since, becoming one of the world's premier horse races events with 160 years under its belt!