What do odds of 15 8 mean?
15/8 is the fraction the bookie is willing to multiply your stake by. 15/8 = 15 divided by 8. or change it to decimal : the fraction 15/8 = 1.875. so if you bet at 15/8 : stake money x 15 divided by 8 = winnings + your stake money as well.
What do odds of 11/8 mean?
11/8 means if you put £8 on you’ll win £11 plus your £8 back. 8/11 means you have to put £11 on just to win £8 plus your £11 back. So basically in odds terms, odds of 8/11 for say Matt to win and 11/8 for One Direction –> Matt is the favourite because you won’t win much as it’s so likely.
What do odds 11/2 mean?
Horse racing uses odds to calculate winnings. As an example, 11-2 odds means you would receive $11 for every $2 invested. In addition, you get your original bet back.
What do odds of 1.5 mean?
Betting odds and lines from a sportsbook can be confusing at first, but they aren’t that hard to understand. In order to help you understand betting odds, we will use +1.5 as an example. When you see a +1.5 in front of a team’s name, that means that they are 1.5-point underdogs in that matchup.
What does 4 to 5 odds pay?
Odds with $2 Minimum Payoff for Horse Racing
| Odds | $2 Payoff |
|---|---|
| 3/5 | $3.20 |
| 4/5 | $3.60 |
| 1/1 | $4.00 |
| 6/5 | $4.40 |
What do 9-2 odds mean?
When odds are shown in the traditional fractions, i.e. 4-1 or 9-2, it shows the amount of profit there is to be gained versus the stake. Seeing any other number than a 1 means you can simply divide the amounts, so odds of 9-2 are basically 4½ to 1 then the same sums apply.
What are 11 to 4 odds?
Common Betting Odds Conversion Table
| Fractional | American | Implied Prob |
|---|---|---|
| 12/5 | 240 | 29.41% |
| 11/4 | 275 | 26.67% |
| 14/5 | 280 | 26.32% |
| 7/2 | 350 | 22.22% |
Are 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. The lower the odds for a participant are, the less money you will win. The higher the odds for a participant are, the more money you will win.
What do odds 9 4 mean?
9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. In spoken form this is “Four-to-one on”.
What does it mean when odds are 10 to 1?
If Team A is assigned 10 to 1 odds, it means Team B is ten times as likely to win. Odds are typically expressed with a positive or negative sign in front of them and are not written as 2 to 1 or 3 to 1.
What does it mean when the odds are even for a football game?
The team expected to lose the game is called the underdog. When the odds for two teams are even, meaning 1 to 1, it means that each team is equally as likely to win the game. If Team A is assigned 2 to 1 odds, it means Team B is twice as likely to win. If Team A is assigned 10 to 1 odds, it means Team B is ten times as likely to win.
What does the plus sign after the odds number mean?
So, with an odds number of +200, you would win $200 in profit if you bet on them to win and they actually won. The bigger the number after the plus sign, the bigger of an underdog that the team or person is to win. So, if a team is +1000 to win, this would mean that you would win $1000 in profit with a bet of $100 – if they won, of course.
What are the odds of winning even money?
Even money is +100, which means for every $1 you bet, you will win $1 if your bet wins. Here’s the easiest way to think of the plus and minus signs: If it’s a plus (+105, +210 +350), you will receive more than a $100 payout on a $100 bet. If it’s a minus (-105, -210, -350), you will have to bet more than $100 to win a $100 payout.