What is a 3 to 1 bet?

For example, 3/1 odds mean you profit three times the amount you wagered. A $1 bet at 3/1 would pay out $4 in total, or a $3 profit and your $1 original wager.

What do the odds 2 to 1 mean?

What does 2 to 1 odds mean? 2-1 Betting Odds means that out of 3 possible outcomes, the 2/1 odds are that there will be 2 of one kind of outcome and 1 of another kind of outcome. The 2-1 odds calculation means for every 3 betting events your selection should win 1 times and on 2 occasions the selection will not win.

What do 8 to 1 odds mean?

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 3 to 2 bet?

Another way to think about it is, 3 to 2 is exactly the same as 1 ½. And it's a lot easier to figure out half of the bet and then add that number to the original bet. So if you have a $12 wager, half of $12 is $6. Add $6 to $12 and your answer is $18.12 x 1.5 = 18.

What does 5 to 1 odds pay?

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. Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered.

How To 3-Bet For Value Preflop | Poker Quick Plays

How good are 3 to 1 odds?

3 to 1 Implied Probability

The 3-1 betting odds probability is a 75.00 per cent probability of a particular outcome and 25.00 per cent probability of another outcome. The 3/1 odds implied probability means your selection has a 25.00% chance of winning and a 75.00% chance the selection will lose.

What does 7 to 1 odds 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 does 4 to 1 odds mean?

4-1 Betting Odds means that out of 5 possible outcomes, the 4/1 odds are that there will be 4 of one kind of outcome and 1 of another kind of outcome. The 4-1 odds calculation means for every 5 betting events your selection should win 1 time and on 4 occasions the selection will not win.

What does 20 to 1 odds pay?

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 3 to 1 odds mean in poker?

For example, if there is $2 in the pot and your opponent bets $1, your pot odds are 3 to 1. In other words, you have to pay 1/3rd of the pot in order to have a chance to win the whole pot. Pot odds are the mathematical foundation for calling situations in poker.

How do 10 to 1 odds pay?

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 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?

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 6 to 1 odds pay?

They are typically written with a slash (/) or hyphen (-). A fractional listing of 6/1 (six-to-one) odds would mean that you win $6 against every $1 you wager and receive your dollar back (i.e., the amount you wagered).

How does 2 to 1 odds pay?

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 do 5 to 2 odds mean me?

What does 5 to 2 odds mean? 5-2 Betting Odds means that out of 7 possible outcomes, the 5/2 odds are that there will be 5 of one kind of outcome and 2 of another kind of outcome. The 5-2 odds calculation means for every 7 betting events your selection should win 2 times and on 5 occasions the selection will not win.

How good is 50 to 1 odds?

50 to 1 Implied Probability

The 50-1 betting odds probability is a 98.04 per cent probability of a particular outcome and 1.96 per cent probability of another outcome. The 50/1 odds implied probability means your selection has a 1.96% chance of winning and a 98.04% chance the selection will lose.

What do 12 to 1 odds pay?

If you wager a bet on a 12/1 betting odds selection and you win, your total payout will be 13.00 which is your stake back plus 12.00 profit.

Are 30 to 1 odds bad?

When you see the odds presented as 30:1 or 3:1 that's actually just showing the payout for a winning bet, not the likelihood of that team winning. 30:1 doesn't mean that the team is 30x more likely to win, it means that if you bet on that team and they win you will receive $30 for every dollar you bet.

What does 10 to 1 odds mean?

Whenever you see two numbers separated by a slash, i.e. 10/1, this is a fractional betting odd. Fractional odds allow you to calculate how much money you will win on your bet in comparison to you stake. The number on the left(e.g. 10) is how much you will win. The number on the right is how much you need to stake.

Are 9 to 1 odds good?

9 to 1 Implied Probability

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 are 14 to 1 odds?

The 14-1 betting odds probability is a 93.33 per cent probability of a particular outcome and a 6.67 per cent probability of another outcome. The 14/1 odds implied probability means your selection has a 6.67% chance of winning and a 93.33% chance the selection will lose.

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 odds are 100 to 1?

The 100/1 odds implied probability means your selection has a 0.99% chance of winning and a 99.01% chance the selection will lose.

What does 9 to 5 odds mean?

9-5 Betting Odds means that out of 14 potential outcomes, the 9/5 odds are that there will be 9 of one kind of outcome and 5 of another kind of outcome. The 9-5 odds calculation means for every 14 betting events your selection should win 5 times and on 9 occasions the selection will not win.