• What Does Boxing Betting Odds Mean
• What Does Negative Betting Odds Mean

What Does Boxing Betting Odds Mean

They all look different but they all mean the same thing. All odds are a representation of the probability of something happening. The fact that there are many different odds formats - American, Decimal and Fractional - illustrates the point that odds are simply a means to an end, i.e. Offering betting. What does odds ratio mean in gambling. We defeated the great enemies of mankind and now we just linger. Allowed with limitations Google allows ads promoting the following gambling-related products as long as the advertiser is a licensed operator registered with an appropriate Australian State or Territory and provides a valid license: Gambling-related promotional materials such as vouchers. One of the most popular types of sports betting is betting against the point spread also known as ATS. The point spread is a number aka the “line” set by bookmakers at the sportsbook which is intended to even the playing field between two teams and give a reason for bettors to bet on either side. Calculating fixed odds. It is customary with fixed-odds gambling to know the odds at the time of the placement of the wager (the 'live price'), but the category also includes wagers whose price is determined only when the race or game starts (the 'starting prices').It is ideal for bookmakers to price/mark up a book such that the net outcome will always be in their favour: the sum of the. Some of these places include Wizard of Odds, Casino Center, and Casino Gambling News. Asked in Word and Phrase Origins What does puts them at odds mean - what is the origin of the phrase? This means that out of 9 possible outcomes, odds are that there will be 4 of one kind of outcome and 5 of another kind of outcome. For every 9, odds are that 4 will be a particular event and 5 will be another event.

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Comments

What Does Negative Betting Odds Mean

• #2

  I've got no idea what 7/2 or 10/1 etc mean. Please will someone enlighten me

  
  7/2 is 3.5/1 so if you put £1 bet you would win £3.50 and also get your £1 back aswell.
  10/1 if you put £1 bet you would win £10 and also get your £1 back aswell.
• #3

  Surely you know what 10/1 means? it's primary school maths. Something like 15/8 could be a little confusing to some though.
• #4

  Surely you know what 10/1 means? it's primary school maths. Something like 15/8 could be a little confusing to some though.

  
  No need for insults.. I obviously asked because I DIDN'T know. They didn't do betting at my primary school - don't know what sort of school you went to.
• #5

  Of course you don't do 'odds' at school, it's called probability.
• #6

  either think of it as the winning fraction or turn it into a decimal
  15/8 is the fraction the bookie is willing to multiply your stake by
  15/8 = 15 divided by 8
  or change it to decimal : the fraction 15/8 = 1.875
  so if you bet at 15/8 :
  stake money x 15 divided by 8 = winnings + your stake money as well.
  or
  stake money x 1.875 = winnings + stake money
  etc
  ok I tried :cool:
  think of it as the fraction you multiply your stake by, or change it to decimal and do it that way.
  10/1 = 10
  so stake x 10 = winnings + stake money
• #7

  Betting odds reflects where cash is being bet. Odds tell you what you get for what you put down. 66-1 means put 1 down get 66 back plus your stake of 1 = 67. At the other extreme Nadia gives you only 4 back for every 6 you put down plus your stake back. You put down 6 and you get 4 + your 6 back =10.
  Add the two figures and divide the total by the first figure and it gives you a rough percentage chance as decided by the way the money is going. alternatively add the two figures and compare the total to the second figure. That tells you that of 67 chances either side of the bet Jason has 1 of staying = zilch.
  with Nadia its saying she has 6/10 chances of winning. Compare that to Dan who at 7/2 has 2/9 chances of winning or 22%
  Remember though the bookie is making a profit so the individual odds won't add up to 100% but quite a lot more. Remember that the money has been put on over weeks and the bookie is making sure he loses as little as possible by offering short odds now on people who look like winners now but were bought at 40-1 earlier.
  Remember also that this year the winner is already pretty arbitrary with all the twists. Dan V Nadia is a possible voting choice next week and if there is a pub quiz to eliminate someone in the last week we could get to the final without Dan or Nadia the favourites. That may be why Victor is favoured apart from people who actually believe the nonsense he spouts. It might also be a reason to bet on Michelle as she would get Nadia's votes I should think.