Originally posted on 06/10/2021:

Yes, it's more accurate think of odds in terms of probabilities. But I'm not sure about the conclusion to bet ML's. Usually the books just use larger spreads at higher ML's to make up foe the difference. So while you'll see see 20 cents -110/-110 standard, you are probably not going to find a book with -220/+200 ML. Usually they offer more like +180/-220. Of course you might be able to narrow that a lot with line shopping.

This is why I laugh when I see odds boost from like +750 to +800. Wow 50 cents! Yeah, not really. +100 to +150 is significant; +750 to +800 is not.