How are ODDS calculated?

[Dtar380]

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[Kam3l1]

if betting odds then i thing it looks at how much % of people are betting on e.g. "YES" , e.g. "NO" and for example 70% bet on "NO" and 30% bet on "YES" so i think by deafult it would bet for "NO" (i think you can change this im not sure)