The amount a player can expect to win or lose if they were to place a bet on the same odds many times over, calculated through a simple equation multiplying your probability of winning with the amount you could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet.
How bets are calculated?
Using Betting Odds to Calculate Probability
Here is the calculation: Probability (%) = B / (A+B). 9/1 can be calculated as 1 / (9 + 1) = 0.10 – There is a 10% chance that the event will happen. 4/1 can be calculated as 1 / (4 + 1) = 0.20 – There is a 20% chance that the event will happen.
How much do I win if I bet 50 on?
To determine your total payout, you would need to add your wager to that number. So, 50+6.49=56.49. If you put a $50 bet down on the Tide at these odds and you win, your total payout would be $56.49 with a $6.49 profit.
What does 1 to 5 odds pay?
Odds with $2 Minimum Payoff for Horse Racing
What does 12 to 1 odds pay?
Conversion Table for common Odds
What happens if you bet $100 on a +140 money line?
Moneyline Betting FAQ
An underdog at +140 moneyline odds means a $100 winner nets you $140 in profit.
How much do I win if I bet 100 on?
A winning $100 stake could win up to $150 in profit, for a total payout of $250 payout. At +250 odds, a pick is a definite underdog. A $100 wager stands to win $250 in profits, for a total payout of $350. Odds of +500 mean a selection is highly disfavored.
What is the payout on 100 to 1 odds?
|Decimal||Fractional||Return (minus stake)|
What are 7 to 2 odds?
So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9. Similarly, if a horse is at even money (ie 1-1), it’s $2 profit for every $2 invested, or a total return of $4.
What does 20 to 1 odds pay?
For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get $20 in profit for every $1 you wager. In the latter example, a bet of $2 means you would get $42 back for a winning wager.