| Will someone explain how these odds work, please? 02:59 - Mar 9 with 1002 views | Davillin |
Will someone please explain how these odds work? I have no experience placing a bet [except when someone else once placed one for me].
"Hull City
v
"Swansea City
"Latest Odds: 888 2.45 888 3..25 888 3.10"
I'm guessing it's "home team wins for a £2.45 return on a £2.00 bet; home team losses for a £3.25 return on a £2.00 bet; and a draw earns £3.10 on a £2.00 bet."
If I'm wrong, please correct it.
Thanks! |  |
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| Will someone explain how these odds work, please? on 03:12 - Mar 9 with 991 views | SwansNZ |
I'm not a betting man, but the odds will be for a £1 bet.
So Swans win would return £3.25 for every £1 you bet. |  |
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| Will someone explain how these odds work, please? on 03:20 - Mar 9 with 980 views | Kinsey |
Swans are currently 2/1 to beat hull. That's on bet 365 and Ladbrokes.
So. If you put £100 doiwn, you will receive back £300
Your stake back, plus it times 2
I bet a lot so if you need any advice, drop me a message. [Post edited 9 Mar 2017 3:23]
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| Will someone explain how these odds work, please? on 06:43 - Mar 9 with 921 views | E20Jack |
They are decimal odds Dav.
3.0 is the total you would get back from a £1 stake. (£2 profit plus your initial £1)
Fractional odds are more common in the UK in bookmakers and they would write that as 2/1 (profit on the left for stake on the right)nbut it is the same thing. |  |
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| Will someone explain how these odds work, please? on 14:17 - Mar 9 with 756 views | Davillin |
So far, so good, many thanks, but Is the first number [2.45] for a home side win, 3.25 for a home side loss, and 3.10 for a draw.
Or is it "home team win, draw, home team loss"? Or something completely different? | |
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| Will someone explain how these odds work, please? on 15:40 - Mar 9 with 696 views | Kennedy |
Decimals are so much easier to understand than fractions.
I use decimals and always use the £10 bet to work it out. (even if my stake is lower/higher)
Latest Odds:
Hull 2.45 £10 wins £24.50
Draw 3..25 £10 wins £32.50
Swans 3.10 £10 wins £31.00
It's always set out as 1X2 1=Home X=Draw 2= Away [Post edited 9 Mar 2017 15:42]
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| Will someone explain how these odds work, please? on 18:28 - Mar 9 with 607 views | Davillin |
| Will someone explain how these odds work, please? on 15:40 - Mar 9 by Kennedy |
Decimals are so much easier to understand than fractions.
I use decimals and always use the £10 bet to work it out. (even if my stake is lower/higher)
Latest Odds:
Hull 2.45 £10 wins £24.50
Draw 3..25 £10 wins £32.50
Swans 3.10 £10 wins £31.00
It's always set out as 1X2 1=Home X=Draw 2= Away [Post edited 9 Mar 2017 15:42]
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Very clear. Thanks all. | |
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| Will someone explain how these odds work, please? on 21:46 - Mar 9 with 487 views | Nookiejack |
In percentage terms 3/1 represents a 25% chance of winning.
You add 1 to the fractional odds and divide it into 100
3/1 + 1 = 4
100 / 4 = 25%
So if you had a 4 horse race with each horse having same chance of winning - each horse should be priced up at 3/1.
If you bet £1 for each % point - in above example £25 on each horse - you would in total bet £100 (4 x £25) and receive £100 back. One of the horses would win at 3/1 so you would win £75 (£25 x 3) and receive your stake of £25 back on the horse that won. You would therefore bet £100 and receive £100 back.
The bookies make their margin by giving you lower odds than the true odds. So In the above example they might only give you 2/1 on each horse. This represents 33.33% chance of winning (100 / (2/1 + 1). So if you bet £33.33 on each of the 4 horses would be betting £133.32 in total - but would only receive £100 back (£33.33 x 2/1) + £33.33 stake back on horse that won.
Bookie makes £33.33. |  | | |
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