What is 1-2 odds in betting meen?

Question

What is 1-2 odds in betting meen?

Answer 1

50% you win half whatever you wager

Answer 2

That means you have to bet 2 dollars to win 1 dollar.

Answer 3

This is the payouts for a $2.00 bet. Anything over 10-1 odd you just double what ever it is and add your bet to it so if the odds is 27-1 for a $2.00 bet you would get back $56.00

Odds Pays.        Odds Pays

1-9 $2.20.           2-1 $6.00

1-5 $2.40.           5-2 $7.00

2-5 $2.80.           3-1 $8.00

1-2 $3.00.           7-2 $9.00

3-5 $3.20.           4-1 $10.00

4-5 $3.60.           9-2 $11.00

1-1 $4.00.           5-1 $12.00

6-5 $4.40.           6-1 $14.00

7-5 $4.80.           7-1 $16.00

3-2 $5.00.           8-1 $18.00

8-5 $5.20.           9-1 $20.00

9-5 $5.60.           10-1 $22.00

Answer 4

YOU BET...$2.00 YOU WIN $1.00...TOTAL..$3.00

Answer 5

Go for an exacta or trifecta or superfecta to improve your odds and winnings! Big Brown will be there! Will you?

Answer 6

Say you put '2' on that horse to win, you will win '1' back, plus the original '2' you put on making it '3'.  At them odds, the horse is most likely going to win the race because you don't win much if it wins. Therefore on a 100-1 horse its most likely it won't win.

Answer 7

Yes, for every $2, you make $1.

Whatever that team/person/horse is, they are considered heavy favorites to have an odds price like that.