How are odds calculated?
How likely is it that Liverpool will win the Champions League in the 2021/2022 season? That's what bookmakers calculate when they come up with the quotes, also known as odds. Quotations are numerical representations of how likely a particular event is to occur. In our example, Liverpool have a good chance of reaching the quarter-finals, making them one of the contenders. Bayern Munich remain favourites to win their second Champions League in...