When tossing a coin there can only be two outcomes; heads or tails. We know that the
probability of 8️⃣ the coin toss to land on either heads or tails are 50% each. In decimal
odds, this equals to an 8️⃣ odds of 2.00 for either outcome.
This is called the “fair odds”
and represents the true probability of an outcome to 8️⃣ occur if the bookmaker wouldn’t