ok. totally confused with the betting odds!

[rayheartbliss]

some one help?

can any of youexplain to me how it works!
cuz am not entirely sure now!
people keep telling me different things!!!!!

explaine?

[Locke.]

What do you mean? Like, if you have the best odds (which Kat has) you're favourite to win, if you have the worst odds (which Belinda has) you're least favourite to win.

[_Tom_]

I don't understand either....

[rayheartbliss]

Originally posted by David_Purdy
What do you mean? Like, if you have the best odds (which Kat has) you're favourite to win, if you have the worst odds (which Belinda has) you're least favourite to win.

i mean with the numbers and all that!!!

EXAmple:

15/7!!!!!

am confused on that now! O.O

[rayheartbliss]

Originally posted by _Tom_
I don't understand either....

hello! o.O

erh...
herlp us!!!!! damn it!

[Billy]

15/7

bet 7 pounds, you get 15 back

[rayheartbliss]

Originally posted by Billy21
15/7

bet 7 pounds, you get 15 back

woah!! you serius??

thanks anyway!

much apreciated! ;)

[AngRemembered]

The first number in the betting odds is always the ammount your stake will be muliplied to the second number(your stake value).
For example 5/1 will mean your win will be five times the value of your stake a £1 therefore will bring a return of £6 including your initial stake.

When bookmakers need a fraction of a whole number though they do so bt increasing the second (stake value) number
So 2/1 increased to 2 and a quarter/1 will be shown as 5/4 and 2 and a half/1 will be shown as 5/2. 2 and 3 quarters/1 as 11/4.

So to work out your winning return simply divide the second (stake value) by the first number (winning value) in the odds figures.

[rayheartbliss]

Originally posted by Angiebabe
The first number in the betting odds is always the ammount your stake will be muliplied to the second number(your stake value).
For example 5/1 will mean your win will be five times the value of your stake a £1 therefore will bring a return of £6 including your initial stake.

When bookmakers need a fraction of a whole number though they do so bt increasing the second (stake value) number
So 2/1 increased to 2 and a quarter/1 will be shown as 5/4 and 2 and a half/1 will be shown as 5/2. 2 and 3 quarters/1 as 11/4.

So to work out your winning return simply divide the second (stake value) by the first number (winning value) in the odds figures.

oooooooo
that explanis a lot!

thanks! ;)

[James]

To take Kathreya to win 7/4 as an example...

Imagine you have 7 apples and 4 oranges, you put all 11 fruits in a bag and draw one out at random.

The chance that you draw an orange out is the same as the chance that Kathreya will win Big Brother - according to the bookmaker.

That's how the probability side of it works.

[AngRemembered]

Originally posted by rayheartbliss

oooooooo
that explanis a lot!
thanks! ;)

Your welcome :hug: and my husband has just reminded me that bookmakers also have whtis known as "odds on"
This is where the probability of an outcome is so likeley the odds factor is reversed.
So odds appear as 1/10, 1/100 all you need look at here this as a simple fraction the second number as your stake the first number as the fraction of it you expect as a return on a win.

So 1/10 will give you one tenth of you stake back on a win.
1/25 will give you one twenty fifth of your stake ect ect.

[rayheartbliss]

Originally posted by Angiebabe
Originally posted by rayheartbliss

oooooooo
that explanis a lot!
thanks! ;)

Your welcome :hug: and my husband has just reminded me that bookmakers also have whtis known as "odds on"
This is where the probability of an outcome is so likeley the odds factor is reversed.
So odds appear as 1/10, 1/100 all you need look at here this as a simple fraction the second number as your stake the first number as the fraction of it you expect as a return on a win.

So 1/10 will give you one tenth of you stake back on a win.
1/25 will give you one twenty fifth of your stake ect ect.

ohh! thats cool!!! ;)