How does a 1 4 bet work?

If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. In spoken form this is “Four-to-one on”. 1/4: For every 4 units you stake, you will receive 1 unit if you win (plus your stake).

What is a 1 4 each way bet?

This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/4 of your odds.

How are first 4 payouts calculated?

How much you win. The amount you win is calculated by dividing up the pool of money* that the entire betting community spent on First 4 bets in a race by the amount of correct $1 bets. Therefore, if you place a $5 First 4 bet, you'll have five shares in the winning First 4 pool.

How does a 1 3 bet work?

1-3 Betting Odds means that out of 4 potential outcomes, the 1/3 odds are that there will be 1 of one kind of outcome and 3 of another kind of outcome. The 1-3 odds calculation means for every 4 betting events your selection should win 3 times and on 1 occasion the selection will not win.

What does a 1 5 bet mean?

1-5 Betting Odds means that out of 6 potential outcomes, the 1/5 odds are that there will be 1 of one kind of outcome and 5 of another kind of outcome. The 1-5 odds calculation means for every 6 betting events your selection should win 5 times and on 1 occasion the selection will not win.

Understanding Betting Odds in 5 Minutes

What does 1 4 odds mean?

If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. In spoken form this is “Four-to-one on”. 1/4: For every 4 units you stake, you will receive 1 unit if you win (plus your stake).

What does a 1 6 bet mean?

The 6-1 odds calculation means for every 7 betting events your selection should win 1 time and on 6 occasions the selection will not win.

What does 1 7 bet mean?

7-1 Betting Odds means that out of 8 possible outcomes, the 7/1 odds are that there will be 7 of one kind of outcome and 1 of another kind of outcome. The 7-1 odds calculation means for every 8 betting events your selection should win 1 time and on 7 occasions the selection will not win.

What is a 1 8 bet?

What does 8 to 1 odds mean? 8-1 Betting Odds means that out of 9 possible outcomes, the 8/1 odds are that there will be 8 of one kind of outcome and 1 of another kind of outcome. The 8-1 odds calculation means for every 9 betting events your selection should win 1 time and on 8 occasions the selection will not win.

What is a 1 2 bet?

1X2 bets are hugely popular and a simple way of betting on sports where there is the possibility of a draw. The 1 refers to a home win, the X the draw and the 2 the away win.

What is the first 4 strategy?

A First 4 consists of selecting four runners to place first, second, third and then a fourth in the correct order. You can select as many runners as you want and make it a boxed First 4 bet, or even pick a standout for any of the 4 positions.

What is the first 4 easy bet?

A Straight First4 bet is where you pick four runners to finish in the top 4 positions in the correct order (1-2-3-4). Select one runner to win, one to place 2nd, one to place 3rd and one to finish 4th.

What does a 50 1 bet pay?

If you wager a bet on a 50/1 betting odds selection and you win, your total payout will be 51.00 which is your stake back plus 50.00 profit.

What is a 1 quarter 3 way bet?

A 3 way bet on the first quarter is a bet on who will win that first quarter, with the tie included. The score at the end of the 1^st quarter is used to settle your bet on this market.

Is 4-1 a good bet?

4/1 odds are great because for every £1 winning bet you will return £4 profit. The 4-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 4/1.

How much do you win on 4-1 odds?

If you are confused by the odds and are never sure what your horse is going to pay if it wins, it is easy to calculate the approximate payoffs by doubling the odds and then adding in the cost of a $2 wager. For example: If the odds are 4-1, a $2 win bet would pay $10 (4 x $2 = $8 + $2 = $10).

What is a 1 12 bet?

12-1 Betting Odds means that out of 13 possible outcomes, the 12/1 odds are that there will be 12 of one kind of outcome and 1 of another kind of outcome. The 12-1 odds calculation means for every 13 betting events your selection should win 1 time and on 12 occasions the selection will not win.

What does a 1 9 bet mean?

The 9-1 odds calculation means for every 10 betting events your selection should win 1 time and on 9 occasions the selection will not win.

What does a 1 2 bet pay?

If you wager a bet on a 1/2 betting odds selection and you win, your total payout will be 1.5 which is your stake back plus 0.5 profit.

What is a 20 to 1 bet?

What 20-to-1 means: When you see 20-to-1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20-to-1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.

What does 1 2 3 bet mean?

If your chosen horse finishes first or second, or first, second or third if you opt for a 1-2-3 bet, then your wager will be a winner. It allows you to put your entire stake on the horse doing what you want it to, rather than splitting your stake in half.

What does 1 10 odds mean?

This can also be calculated as 1 / (9 + 1) = 0.10 - There is a 10% chance that the event will happen.

Why do you bet $6 on 6 and 8?

A bet on the Big 6 and 8 has a 9 percent house advantage (hint: that's a lot). A place bet of $6 (since it pays 7-to-6, you place a multiple of $6) has a house advantage of just 1.5 percent.

What does 35 1 mean in gambling?

This means you'll win x dollars for every 1 dollar you bet. For example, a single-number bet offers a payout of 35:1. So, if you win, you'll get your dollar back plus $35.