odds??

[Deep2]

Every year someone always asks and I sit in the background, quielty, not understanding.

Can someone explain once and for all what the odds mean...

I understand 2/1 is a greater chance than say 28/1, etc.

I don't understand when it becomes...say 9/2 (Is this the same as , in this case 4.5/1??

And what does it mean when the numbers are REVERSED and as with Sezer who is favourite for eviction, the odds are 1/6 - what does this mean??

Help most appreciated for this clearly not betting person!!

[bangers_1]

its hard to explain

but if someone is 2/1 then if you put 1 pound on, u get 2 pounds back if they are evicted

if somene is 1/5 to be evicted, this means 1/5 ON. basically, if the person is evicted, then if the person is evicted, you will get 1 pound plus about 15p

[Deep2]

Thanks - that does explain it. This means according to the odds...Sezer is clear fave to go.

[Jay]

Yeah looks that way going to take a miracle for him to stay.

[James]

To get the actual chance add the first number to the second

e.g 7/1 is a 1 in 8 chance, 9/2 is a 2 in 11 chance and 1/7 is a 7 in 8 chance.

Although bookmakers odds reflect how much money has been placed where, rather than the actual chance of the event happening.

If a lot of people bet on a particular housemate the odds for that HM will go down.

[InTheHood]

I won't even go into decimal odds. We'll stick with fractional odds for this purpose.

Don't forget if you do bet, you get your stake back as well, so £5 on 5/1 is £30 back, inclusive of your £5 stake. (£25 winnings Stake x odds)

9/2 is easy enough

9 divided by 2 is 4.5 so 4.5 x £5 would be £22.50 inclusive of stake.

This is why I prefer the decimals as they include the stake, without having to remember to add it, so 5/1 is 6.00 in decimal terms.

But if you don't know much about betting, it can get very confusing.