What does 16 1 bet mean?

The first number (16) is the amount you'll win from wagering the second number (1). Whether this is in dollars, pounds, or smarties, it doesn't really matter. For example, a £1 winning bet at 16/1 will payout £16 (plus your £1 stake is returned).

What does 16 to 1 odds pay?

If you wager a bet on a 16/1 betting odds selection and you win, your total payout will be 17.00 which is your stake back plus 16.00 profit.

What does 20 to 1 mean in gambling?

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 15 1 mean in horse racing?

Unlike sports betting, the odds change as it gets closer to the race. So if you put $2 down on a horse at 5-1, but at post time the odds change to 15-1, that is the payout you are going to get. The main wager types are win, place and show, which are are divided into different pools.

What does a bet 14 to 1 mean?

14-1 Betting Odds means that out of 15 possible outcomes, the 14/1 odds are that there will be 14 of one kind of outcome and 1 of another kind of outcome. The 14-1 odds calculation means for every 15 betting events your selection should win 1 time and on 14 occasions the selection will not win.

Guide to Reading Betting Odds: What they Mean & How to Use Them

What does the bet 17 to 2 mean?

With odds of 17-2, you divide 17 by 2, which is 8.5. So if you make a £1 bet on a horse at 17-2 and it wins, you win £8.50 (plus you get your £1 stake money back).

What is an 8 to 1 bet?

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 does 30 to 1 odds mean?

It's common for machine games to pay odds-for-1 because the game has already taken your bet before the roll takes place. On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31.

What does 40 to 1 odds mean?

If you are betting on a longshot NFL futures bet at odds of 40/1 (these fractional odds convert to +4000 in American odds; decimal odds of 41.00), your implied chance of success is 2%.

What does 30 to 1 odds mean in horse racing?

For example, a $2 wager at odds of 30/1 would return $60 in profits ($2 x 30/1). Add in the return of your original stake, and the return would be $62. Likewise, a $2 bet placed at 10/1 would return $20 plus your initial wager.

Is 25 1 a good bet?

Many punters ask if 25/1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 25-1 winner is good odds and a 25/1 loser is bad odds.

Is 50 1 a good bet?

A 50-1 winner is good odds and a 50/1 loser is bad odds.

How does a 10 1 bet work?

10-1 Betting Odds means that out of 11 possible outcomes, the 10/1 odds are that there will be 10 of one kind of outcome and 1 of another kind of outcome. The 10-1 odds calculation means for every 11 betting events your selection should win 1 time and on 10 occasions the selection will not win.

What does 80 to 1 odds pay kentucky derby?

Rich Strike, a late entrant in the grandest horse race, went off at 80-1 odds. Meaning a $10 Win bet on the Derby winner would've returned $818. He stunned the sports world on Saturday by winning by three-quarters of a length over second-place finisher Epicenter (4-1 favorite).

What do 33 to 1 odds pay?

If you wager a bet on a 33/1 betting odds selection and you win, your total payout will be 34.00 which is your stake back plus 33.00 profit.

Is 20 to 1 odds bad?

The 20-1 betting odds probability is a 95.24 per cent probability of a particular outcome and 4.76 per cent probability of another outcome. The 20/1 odds implied probability means your selection has a 4.76% chance of winning and a 95.24% chance the selection will lose.

Is 12 to 1 odds good?

12 to 1 Implied Probability

The 12-1 betting odds probability is a 92.31 per cent probability of a particular outcome and a 7.69 per cent probability of another outcome. The 12/1 odds implied probability means your selection has a 7.69% chance of winning and a 92.31% chance the selection will lose.

What is the payout for 10 to 1 odds?

The first number (10) is the amount you'll win from wagering the second number (1). So for every £1 or $1 or €1 you spend, you will win 10 back. For instance, a £1 winning bet at 10/1 will payout £10 (plus your £1 stake is returned).

What does 9 to 1 odds mean?

The 9-1 betting odds probability is a 90.00 per cent probability of a particular outcome and a 10.00 per cent probability of another outcome. The 9/1 odds implied probability means your selection has a 10.00% chance of winning and a 90.00% chance the selection will lose.

What does 35 to 1 odds mean?

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.

What does 5 to 1 odds payout mean?

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

What is 56 to 1 bet?

FanDuel 56 to 1 Odds Promotion

To take advantage of the promotion, it's simple. All you have to do is create a FanDuel Sportsbook account, then deposit at least $10. Then place a $5 bet on any team to win Super Bowl 56 on the moneyline this weekend. If your team comes out on top, you will win $280!

Is 7 1 a good bet?

The 7-1 betting odds probability is an 87.50 per cent probability of a particular outcome and a 12.50 per cent probability of another outcome. The 7/1 odds implied probability means your selection has a 12.50% chance of winning and an 87.50% chance the selection will lose.

How does a 5 1 bet work?

Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $2 – for a total of $12.