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Horse racing odds depend on the performance of the teams and riders. Big teams and famous riders will have lower odds, while smaller teams may have higher odds.

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Betting on matches between small teams can yield very high payouts. These teams are rarely rated highly, but when they win, the odds can be as high as 8:1 or 10:1.

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Studying match statistics and data is also an important factor in the process of deciphering the odds. Statistics such as ball possession, number of shots on goal, success rate of set pieces (such as corners, penalties) or number of yellow cards can help you better understand the playing style of each team. Based on these statistics, you can recognize which teams are in good form, which teams are struggling or which teams tend to play a particular style.