Is 11 8 good odds?

The 11-8 odds reflect the chances of your selection and bookmakers will think it has a good chance at 11/8. Many punters ask if 11/8 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 11-8 winner is good odds and an 11/8 loser is bad odds.

What are considered high odds?

High odds would be something like 99-to-1 against. If you bet on a team with those odds, you'd be happy if they won because you'd win a lot of money, but these aren't the odds you want if you need something to happen because 99-to-1 is a long shot.

What does 11 4 odds mean?

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

What does 11 5 odds mean?

11-5 Betting Odds means that out of 16 potential outcomes, the 11/5 odds are that there will be 11 of one kind of outcome and 5 of another kind of outcome. 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 11 2 odds mean?

11-2 Betting Odds means that out of 13 possible outcomes, the 11/2 odds are that there will be 11 of one kind of outcome and 2 of another kind of outcome. 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.

How to convert betting odds to probabilities | bettingexpert academy

What do odds 11/8 mean?

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

Is 11 10 good odds?

Many punters ask if 11-10 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 11-10 winner is good odds and a 11/10 loser is bad odds.

Is higher odds better?

Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake.

Is 15 8 good odds?

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

Is 12 1 odds good?

A 12/1 winner is good odds and a 12/1 loser is bad odds.

What does +115 mean in odds?

When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they're less likely to win. The team with the plus sign (like +150) is the underdog. The number tells you how much profit you will win if you bet $100.

What does a minus 11 spread mean?

If the team has a minus sign, that means they're the favorite and they'll have to win by the specified number or more for you to win your bet. If the team has a plus, that means they're the underdog and they'll have to either win the game or lose by less than the specified number for you to win.

What do 1 to 10 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.

How do you know if you have good odds?

Odds are presented as a positive or negative number next to the team's name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog. Ex: Dallas Cowboys, -135; Seattle Seahawks, +135.

What is the best odds in gambling?

Blackjack

Blackjack has the best odds of winning, with a house edge of just 1 percent in most casinos, Bean said. Plus, you are playing against only the dealer, not hooded poker champions.

What are good and bad odds?

If the odd is negative (-), it means that the outcome is more likely to happen, and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

What does 13 8 odds mean?

13-8 odds is the outsider in a two-selection event. 13-8 odds have a 38.10 per cent of winning. 13-8 fractional odds in decimal odds is 2.625.

How good is 9/2 odds?

The 9-2 betting odds probability is an 81.82 per cent probability of a particular outcome and an 18.18 per cent probability of another outcome. The 9/2 odds implied probability means your selection has an 18.18% chance of winning and an 81.82% chance the selection will lose.

What odds fight?

These odds represent the amount of money you win when you wager $100 on that fighter. For example, if odds on an underdog fighter are +350, that means that you win $350 if you wager $100 ($350 profit on an initial stake of $100, which means that total payout is $450).

What are low odds in gambling?

Low odds, or short odds, as they are also often called, actually mean that the player has a much better chance of winning the bet (high probability). But at the same time, the reduction of coefficients leads to a decrease in profits.

Should I bet on low or high odds?

If you want to make a safe bet with little risk and don't mind a relatively low payout, you're looking for low odds. High odds are good for big bankrolls, risk-takers, and sharp bettors who have some insight into a game beyond what the book offers.

Is it good to have negative odds?

Negative odds indicate favorites, and underdogs have positive odds. The range between the odds can indicate the closeness of the matchup in the eyes of the sportsbook, while the pricing may differ at competing sportsbooks.

What table has the best odds?

If you're willing to put in a little work, blackjack offers the best odds. I'm talking about a . 5 percent casino edge, depending on which table you're sitting at. (Meaning for every dollar you gamble, you'll lose only half a penny on average.)

What does an odds ratio of 11 mean?

The odds ratio for lettuce was calculated to be 11.2. How would you interpret the odds ratio? An odds ratio of 11.2 means the odds of having eaten lettuce were 11 times higher among case-patients than controls. Because the odds ratio is greater than 1.0, lettuce might be a risk factor for illness after the luncheon.