What does 30-1 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 30 to 1 odds mean in horse racing?

All you have to do is multiply your bet by the whole number to find your net profit. 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.

What pays 30 to 1 on craps?

2 or 12 - Either 2 or 12 on the next roll of the dice pays 30 for 1.

What are plus minus odds?

A "minus" (-) preceding the number indicates the team is a favorite. A "plus" (+) preceding the number indicates the team is an underdog. Bet Num. Note: The bottom team is always listed as the home team unless otherwise noted.

What is a minus 1 bet?

The example we've shown you is for Manchester City to cover a -1 handicap. This means that we'll need Manchester City to win by two goals in the match. If they win the match by one goal, draw, or lose the match, then our bet would be a losing one.

Understanding Betting Odds in 5 Minutes

How do you calculate minus odds payout?

To figure payout on negative odds, take the number from the negative line and divide it by 100. Continuing with our example, that would be 770/100=7.7. Then divide your wager by that number, which would be 50/7.7=6.49. That only shows what your profit would be on this bet.

What does 40 to 1 odds mean?

It suggests you have a 50/50 chance of success. 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 is the safest bet in craps?

The simplest, most fundamental bet in the game of craps, the pass bet, is also one of the very safest, with a low house edge of 1.41%. Pass bets pay even money - in other words, if you bet $10, you win $10. With a pass bet, if the come out roll is 7 or 11, you win, while if the come out roll is 2, 3, or 12, you lose.

What does a bet of 20 to 1 mean?

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.

How much is a $2 win place show bet?

This traditional bet basically combines the win bet, place bet and show bet on a single ticket. You will essentially have three different bets rolled into one selection. You also need to keep in mind that when you make a $2 across-the-board bet that you will need to pay a total of $6 to cover your ticket.

What does 50 to 1 odds mean?

50-1 Betting Odds means that out of 51 possible outcomes, the 50/1 odds are that there will be 50 of one kind of outcome and 1 of another kind of outcome. The 50-1 odds calculation means for every 51 betting events your selection should win 1 time and on 50 occasions the selection will not win.

What does 10 to 1 odds mean?

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 35 to 1 odds pay?

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

How much do I win if I bet $100 on odds?

For example: 2/1 odds means you'll win $2 for every $1 you bet. A $100 bet at 2/1 odds would win $200, for a total payout of $300.

What does 15 1 odds 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.

Should you always bet max odds in craps?

When betting odds on a craps game, keep your Pass line bet at the table minimum and odds at the highest amount you are comfortable with.

What is the smartest way to play craps?

The best strategy to win at craps relies on bets that minimize the house edge and give players the best odds of landing. To win the most amount of money while keeping the house edge low, we recommend players bet the minimum limit on Pass Line/Don't Pass bets, and then lay the odds.

What is the easiest bet in craps?

Pass Line Bet

The most popular craps bet, the Pass Line, has a house edge of just 1.41% and is the easiest wager to make. A pass line bet means players wager on the shooter landing a 7 or 11 before a 2, 3 or 12 on the comeout roll. If the dice land on 7 or 11, the pass bet wins; if it lands on 2, 3 or 12, it loses.

What are 25 to 1 odds?

25-1 Betting Odds means that out of 26 possible outcomes, the 25/1 odds are that there will be 25 of one kind of outcome and 1 of another kind of outcome. The 25-1 odds calculation means for every 26 betting events your selection should win 1 time and on 25 occasions the selection will not win.

What are 33 to 1 odds?

The 33-1 betting odds probability is a 97.06 per cent probability of a particular outcome and a 2.94 per cent probability of another outcome. The 33/1 odds implied probability means your selection has a 2.94% chance of winning and a 97.06% chance the selection will lose.

What is the payout for 50 to 1?

Betting odds of 50/1 imply a probability of 98.04% for one outcome and 1.96% for the other implied odds option outcome. In other words, when you place a 50/1 bet, your chances of winning are 1.96%, and your chances of losing are 98.04%.

What are 8 to 1 odds?

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 happens if you bet $100 on a money line?

A moneyline bet would be a bet on -150 or +180. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.

What are 100 to 1 odds?

100-1 Betting Odds means that out of 101 possible outcomes, the 100/1 odds are that there will be 100 of one kind of outcome and 1 of another kind of outcome. The 100-1 odds calculation means for every 101 betting events your selection should win 1 time and on 100 occasions the selection will not win.