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how does the betting work? |
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#1 |
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Forum Member
Join Date: Jan 2010
Posts: 1,005
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how does the betting work?
can someone please tell me what it meens when some one is 4/2 etc, i have looked at it i dont no how many times and it isnt making any sence lol.
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#2 |
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Inactive Member
Join Date: Oct 2010
Location: Midlands
Posts: 2,340
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well the odds are quite simple when you get used to them
For instance one may see something which si 100/1 that means if you put £1 down and win you will get a £101 return, £100 profit If you see something which is slightly more complicated like 5/2 it means you put £2 down and get £5, obviously the more money you put down like £20 down you would get £50 return etc; If you see something which states 4/5 or 1/3 etc; then those odds are not very profitable unless you place large stakes which can be risky, for instance put £5 on 4/5 odds and you will only get a a profit of £4 ontop of your original stake. Same way for 1/3, you put £3 on and get a £1 profit. Hope this helps, any other questions PM me |
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#3 |
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Forum Member
Join Date: Jan 2010
Posts: 1,005
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matt is 6/4 so why is that good and wagner is 100/1 so why is that bad?
sorry i no nothing of betting lol |
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#4 |
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Forum Member
Join Date: Oct 2010
Location: Edinburgh
Posts: 8,451
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Quote:
matt is 6/4 so why is that good and wagner is 100/1 so why is that bad?
sorry i no nothing of betting lol So Matt being 6 / 4 means the bookies are suggesting there is a 4 in 10 chance of him winning or put another way 6 chances to 4 chances that he will not win. Wagner being 100 / 1 means the bookies are suggesting there is a 1 in 101 chance of him winning or put another way 100 chances to 1 of him not winning. The actual betting works as SpoonfedVomit wrote, and the higher odds against the more you can win for the same amount of money. For Matt, bet £4 at 6 / 4 and he wins you win £6 ( and get back your £4 stake ). For Wagner, bet £1 at 100 / 1 and he wins and you would win £100 ( and you get back your £ 1 stake ) or you could say bet £4 and it all just works in proportion, then if he wins you would win £400 ( and you get back your £4 stake.) Clearly if your selection loses, you just lose the amount you staked. |
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#5 |
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Forum Member
Join Date: Oct 2005
Posts: 8,720
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Quote:
matt is 6/4 so why is that good and wagner is 100/1 so why is that bad?
sorry i no nothing of betting lol convert odds x/y into probabilities using y/(x+y) 6/4 is 4/(4+6) = 40% chance of winning 100/1 is 1(100+1) = 1% chance of winning |
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#6 |
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Forum Member
Join Date: Jan 2010
Posts: 1,005
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thanks, i think i get it lol
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#7 |
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Forum Member
Join Date: Jan 2009
Location: Near Swaffham, Norfolk.
Posts: 1,895
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Quote:
can someone please tell me what it meens when some one is 4/2 etc, i have looked at it i dont no how many times and it isnt making any sence lol.
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