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Finding accurate cost information Contact the relevant licensing authority The best way to get accurate information is to contact the gambling regulatory body in the jurisdiction where you plan to operate.
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To convert odds into probability, use these formulas Fractional Odds Probability Stake Stake Profit Decimal Odds Probability 1 Decimal Odds Moneyline Odds Positive Probability 100 Moneyline Odds 100 Negative Probability Moneyline Odds Moneyline Odds 100Understanding the Implied ProbabilityThe implied probability is the chance of winning based on the odds provided by the bookmaker.
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Public Gambling Public gambling is generally illegal in India.
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