What is payout 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 4 to 1 payout?

4/1: For every 1 unit you stake, you will receive 4 units if you win (plus your stake). 7/2: For every 2 units you stake, you will receive 7 units if you win (plus your stake).

What is the payout for 5-1 odds?

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 do you calculate payout odds?

In order to calculate your potential payout you simply multiply your stakes (the amount of money you wagered) by the odds. For example, if you bet $100 on the Pistons beating the Knicks at 2.25 odds, your total potential payout would be $225 ($100 x 2.25).

What does 2 to 1 payout mean?

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.

Understanding Betting Odds in 5 Minutes

What do odds of 5 to 1 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 the payout for 10 to 1 odds?

10 to 1 odds payout

If you wager a bet on a 10/1 betting odds selection and you win, your total payout will be 11.00 which is your stake back plus 10.00 profit.

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 10 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.

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.

How does a 5 to 2 odds payout?

A winner at 5-2 means that will pay $5 profit for every $2 wagered. The payoff is $7 which is the profit ($5) plus the cost of your wager ($2).

What are 2 for 1 odds?

2 to 1 Implied Probability

The 2-1 betting odds probability is a 66.67 per cent probability of a particular outcome and 33.34 per cent probability of another outcome. The 2/1 odds implied probability means your selection has a 33.34% chance of winning and a 66.67% chance the selection will lose.

What is payout 4 1 odds?

For example: If the odds are 4-1, a $2 win bet would pay $10 (4 x $2 = $8 + $2 = $10).

What is a 3 to 1 payout?

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 is a 6 1 payout?

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 good is 30 to 1 odds?

With the standard 30-1 you'd get at most craps tables, bets on 2, 12 or hard hop bets give the house a 13.89 percent edge. If the payoff is 31-1, the edge drops only to 11.11 percent. True odds are 35-1, so there's a long way to go from 30-1 before these become viable bets.

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 100 to 1 odds equal?

100 to 1 Implied Probability

The 100-1 betting odds probability is a 99.01 per cent probability of a particular outcome and a 0.99 per cent probability of another outcome. 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 is 12 1 odds mean?

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 is the payout for 7 2 odds?

When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. 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.

What is 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 4 7 odds mean?

4-7 Betting Odds means that out of 11 possible outcomes, the 4/7 odds are that there will be 4 of one kind of outcome and 7 of another kind of outcome. The 4-7 odds calculation means for every 11 betting events your selection should win 7 times and on 4 occasions the selection will not win.

What does 9 2 odds 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 is a payout of 3 to 2?

The difference between 3:2 blackjack and 6:5 blackjack is simple. If you have a winning blackjack hand, you get paid 3 dollars for every 2 that you bet, or 1.5:1 odds. In 6:5 you get paid $6 for every $5 you bet, which is 1.2:1 odds.