Ive been thinking about this for a while
The perceived probability of odds of 1.20 are 0.83 (83%)
So does that mean, if you place a bet on a team with odds of 1.20, then place a bet on another team (in another game) with the same odds, does that mean the chances of winning are 0.83 x 0.83 and therefore = 0.68 (68%?)