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There are many different types of football bets, and each type has its own way of calculating odds. Match Winner is one of the most basic types of bets, in which the player bets on which team will win a match. If you bet on the home team, away team or a draw, the odds will reflect the probability of each team winning based on factors such as form, lineup and head-to-head history. These bets are usually calculated using decimal or fractional odds.