Gino Sigars asked, updated on March 16th, 2021; Topic:
betting odds

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To **calculate** winnings on fractional **odds**, multiply your **bet** by the top number (numerator), then divide the result by the bottom (denominator). So a $10 **bet** at 5/2 **odds** is (10 * 5) / 2, which equals $25. A $10 **bet** at 2/5 **odds** is (10 * 2) / 5, which is $4.

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Even though, how do you calculate odds in football betting?

If a team is available to back or lay at 2.0 the market is telling you that team has a 50% chance of **winning** or losing the game, because to convert decimal prices to percentage chance you simply divide the **odds** by 100 (e.g. 100/2.0 = 50% : 100/3.0 = 33.33%).

Even more, how are live betting odds calculated? Q: How are **live betting odds calculated**? **Betting odds** are either **calculated** by the **betting** providers, i.e. the bookmakers, or **determined** by the market , that is that the **odds** reflect the event in which more people are **betting** on. ... These are fictional **odds**. Team A wins @ 1.12 / Draw @ 7.00 / Team B wins @ 19,00.

Same, how do you compile odds?

What does 7 to 2 odds pay?

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.

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. On a machine that **pays** 31-for-**1**, the machine keeps your **bet** when you make it, but **pays** 31 units on a win — still a total of 31 on your side after a win.

For every 81, odds are that 80 will be a particular event and 1 will be another event. There is a **98.77 percent** probability of a particular outcome and **1.23 percent** probability of another outcome. If you bet 1 on a game with 80 to 1 odds and you win, your total payout will be 81.00 which is your bet plus 80.00 profit.

Most **bookmakers** calculate **odds** to guarantee a 5% profit on every bet you place. This means that if you were to place £100 on win, draw and lose in the same match, your £100 would become £95. ... If you take the best available **odds** then the **bookmaker's** margin drops to around 1.5%.

Creating Statistical Models for Sports Most statistical **odds** compiling originated with a simple counting of how often an event happened. Two football teams, count how often the home team won at home in the last 20 games, how often the away team lost away in the last 20 games etc.

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