Question:

Betting odds for football

by  |  earlier

0 LIKES UnLike

i live in england and im probaly gonna start betting this season ... and so im pretty good at maths but i just cant work out how betting odds work ... 2/1... 9/6 ... 11/10 wtf lol

 Tags:

   Report

4 ANSWERS


  1. No worries mate, this is an easy one!  Simply take the odds such as 9/6 and convert to a decimal form by dividing the top number by the bottom 9 divided by 6 = 1.50  You take the answer and multiply by your wager amount to get your payout.  It's that easy.


  2. Football matches have 3 possible outcomes all of which are quoted, typically home 6-4 draw 9-4 away 13-8. These convert into probabilities as 4/10, 4/13 and 8/21,and into decimals as 0.40, 0.307 and 0.38, totalling 1.087. True probabilities always add up to 1 so the extra 0.087 is what is known as the bookmaker’s take. This means that if all the bets he takes are in the proportions as given above he will retain £87 for every £1087 he takes in bets.

  3. Simple:

    2/1 - for every pound you bet, you get 2 pounds (plus your stake) winnings.

    9/6 - for every 6 pounds you bet, you get 9 pounds (plus your stake) winnings

    and so on.

    You then have to work out the actual amount you win by multiplying or dividing the amount you bet.

  4. Odds explained at http://www.bettingwise.com/bettinghelp.h...

    But basicaly you can change them to decimal, they look like 1.5 for example which is easier.All sites offer to change the odds to decimal and some are default.

Question Stats

Latest activity: earlier.
This question has 4 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.