What is 8 11 bet?

8-11 Betting Odds means that out of 19 possible outcomes, the 8/11 odds are that there will be 8 of one kind of outcome and 11 of another kind of outcome. The 8-11 odds calculation means for every 19 betting events your selection should win 11 times and on 8 occasions the selection will not win.

What does 10 11 bet mean?

10-11 Betting Odds means that out of 21 possible outcomes, the 10/11 odds are that there will be 10 of one kind of outcome and 11 of another kind of outcome. The 10-11 odds calculation means for every 21 betting events your selection should win 11 times and on 10 occasions the selection will not win.

What does 4 11 bet mean?

4-11 Betting Odds means that out of 15 potential outcomes, the 4/11 odds are that there will be 4 of one kind of outcome and 11 of another kind of outcome. The 4-11 odds calculation means for every 15 betting events your selection should win 11 times and on 4 occasions the selection will not win.

Is 8 15 a good bet?

The 8-15 betting odds probability is a 34.78 per cent probability of a particular outcome and 65.22 per cent probability of another outcome. The 8/15 odds implied probability means your selection has a 65.22% chance of winning and a 34.78% chance the selection will lose.

What does 8 13 bet mean?

8-13 Betting Odds means that out of 21 potential outcomes, the 8/13 odds are that there will be 8 of one kind of outcome and 13 of another kind of outcome. The 8-13 odds calculation means for every 21 betting events your selection should win 13 times and on 8 occasions the selection will not win.

Understanding Betting Odds in 5 Minutes

What is 7 and 11 in gambling?

So “7 come 11” means that any time after the first roll, when a shooter has a point to make, you win with a bet on the “come line” with a roll of a natural 7 or 11 and lose on craps (2, 3, or 12).

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 8 11 odds pay?

8 to 11 odds payout

If you wager a bet on an 8/11 betting odds selection and you win, your total payout will be 1.73 which is your stake back plus 0.73 profit.

What do 8 11 odds return?

The maths formula for a win only bet is: (amount staked x 8) / 11 = win returns + stake back = total amount of returns. For example: (£40 x 8) = £320 divided by 11 = £29.09 win + £40 stake back = £69.09 returned in total. There is an option to bet each-way on most markets.

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 do 2 11 odds mean?

The 11-2 odds calculation means for every 13 betting events your selection should win 2 times and on 11 occasions the selection will not win.

What does odd 9 2 mean?

9-2 Betting Odds means that out of 11 possible outcomes, the 9/2 odds are that there will be 9 of one kind of outcome and 2 of another kind of outcome. The 9-2 odds calculation means for every 11 betting events your selection should win 2 times and on 9 occasions the selection will not win.

What bet 12 means?

The Meaning of 12 in Football Betting

For example, players can see 12, 1X2, 1X, XX, or X2 listed in the betting options. 12 in this case indicates the home and away team in a match. 1 refers to the home team, and 2 refers to the away team.

What do the odds 5 11 mean?

The 11-5 odds calculation means for every 16 betting events your selection should win 5 times and on 11 occasions the selection will not win.

What does it mean to bet 20 to 1?

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 is a 8.5 spread?

Let's say that a team is favored as 8.5 point favorites or written as -8.5. For the favored team to “cover the spread,” they must win by at least nine points. If they win by eight points or less, it doesn't matter that they won because they didn't cover the spread.

Are 9 to 5 odds good?

9 to 5 Implied Probability

The 9-5 betting odds probability is a 64.3 per cent probability of a particular outcome and a 35.7 per cent probability of another outcome. The 9/5 odds implied probability means your selection has a 35.7% chance of winning and a 64.3% chance the selection will lose.

What does odds pay on $100?

The odds indicate how many times your stake will be multiplied in your total payout. For example: A $100 bet at 1.50 odds will pay out $150 ($50 profit, plus your $100 stake).

What are the odds of 7 11 in craps?

Craps probability

This means that on the come-out roll, a player has a 22.22% chance of rolling a natural (seven or 11), an 11.12% chance of crapping out (rolling two, three and 12) and a 66.66% chance of rolling a point number.

Are 10 to 1 odds good?

A 10-1 winner is good odds and a 10/1 loser is bad odds.

What is the biggest craps win?

William Lee Bergstrom: Craps

On September 24, 1980, he traveled to Las Vegas and entered Binion's Casino with two suitcases. One of them was empty, but one of them contained $777,000 in cash.

What is the best number to bet on craps?

Because the 7 has the greatest number of combinations (six), it is the number that has the potential to come up most often, which is why 7 is the magic number in craps.

What does a 7-2 bet mean?

So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9. Similarly, if a horse is at even money (ie 1-1), it's $2 profit for every $2 invested, or a total return of $4.