gambling odds explained, for dummies? Hello, I have a basic understanding of game ratings. Can anyone tell me if this is correct:
Odds: 9 / 2 (or 5.5) [I 9 divided by 2 plus 1)
Bet: £ 100
Win: £ 550
Odds: 9 / 13 (1.69) [9 / 13 = 0.69, 1]
Bet: £ 50
Win: £ 84.50
Odds: 50 / 1 (51.0)
Bet: £ 25
Win: £ 1,250
Is this correct? Is there anything else I should know?
3-1 means that for each unit 1, you bet, you will earn 3 units
7-2 means that for every 2 units you wager, you earn 7 units
9-4 means that for every 4 units you wager, you earn 9 units
In all cases, your bet is returned with your winnings.
For a winning a‚¬ 100, the following pay paris:
Bookmakers odds:
7-1 pay £ 800 (7 x £ 100 + £ 100 staked Thurs return)
9-4 pay £ 325 (9 x (£ 100 / 4) + £ 100)
1-2 pay £ 150 (1 x (£ 100 / 2) + £ 100)
Decimal odds:
7.0 pay GBP 700 (11.0 x £ 100 staked)
4.1 pay GBP 410 (4.1 x £ 100)
1.2 pay £ 120 (1.2 x £ 100)
Percentage of ratings:
Pays 25% of GBP 25 (25 / 100 x 100 pounds)
Pay 84% of GBP 84 (84 / 100 x 100 pounds)
Pay 105% to GBP 105 (105 / 100 x 100 pounds)
Punter P got it right partner
just a little, you must have your chance simplified so that it would be 4.5 to 1 for your payment. Try not to include your game with your winnings you do in your first two examples, but not in your third.
Posted on March 1, 2010.
