Can Someone explain gambling odds to me please Watch

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footballhead
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#1
Report Thread starter 14 years ago
#1
Ok say football match for example

home side win is 8/15
draw is 13/5
away is 4/1

so if i put 10 pounds on each what would i get? (im just using 10 as an example to understand this thanks!)
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Mad Vlad
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#2
Report 14 years ago
#2
(Original post by LondonBoy)
Ok say football match for example

home side win is 8/15
draw is 13/5
away is 4/1

so if i put 10 pounds on each what would i get? (im just using 10 as an example to understand this thanks!)
home side win is 8/15 £15.33
draw is 13/5 £36
away is 4/1 £50
(All payouts include original stake)
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footballhead
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#3
Report Thread starter 14 years ago
#3
(Original post by Mad Vlad)
home side win is 8/15 £15.33
draw is 13/5 £36
away is 4/1 £50
(All payouts include original stake)

how do u figure out that im sorry...
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Mad Vlad
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#4
Report 14 years ago
#4
(Original post by LondonBoy)
Ok say football match for example

home side win is 8/15
draw is 13/5
away is 4/1

so if i put 10 pounds on each what would i get? (im just using 10 as an example to understand this thanks!)
Explaining them...
You basically have your stake. If you win, you win back your stake PLUS stake X odds

So for example in blackjack, if you bet £10 and get blackjack (A+ 10/J/Q/K), you get your stake back + 2 times your original stake £10 + £20 as the payout for having a Blackjack is 2/1

Similarly in Roulette. If you Bet £1000 on a single number, the payout is 35/1. If your number comes out, you receive from the dealer a cool £36000 :cool:

So with footie odds... you would do £10 + (£10x[8/15]) for your home win payout
Hope that helps
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Makavelli_07
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#5
Report 14 years ago
#5
The simplest way of understanding bookie odds is like this:

If you stake the amount on the right hand side of the '/' then you win the amount on the left hand side.

That's how i learnt. For example

10/1 - For every £1 you bet(right hand side) you win £10(Left hand side). So if you were to bet £23 you would win £230. You then get your steak back on top.

If the odds are 'on' - The number on the right is higher - your winnings will be smaller, but the bet is more likely to come in.

Anyway, hope that helps a little. If you need anything else explain, just PM me.
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Jamie
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#6
Report 14 years ago
#6
(Original post by LondonBoy)
Ok say football match for example

home side win is 8/15
draw is 13/5
away is 4/1

so if i put 10 pounds on each what would i get? (im just using 10 as an example to understand this thanks!)
An odd of 1/1 (evens)means put ten quid on, and if you win you get 10 pounds profit, plus your stake back.
2/1 means put 10 quid on, and you get £20 profit, and stake back.
Whereas 1/2 means put 10 quid on, and you get £5 profit, plus you stake back.
So if you bet a tenner...
Odds Return(profit and original stake)
1/1 £20
2/1 £30
3/1 £40
4/1 £50
40/1 £500

Going the other way

Odds Return(profit and original stake)
1/1 £20
1/2 £15
1/3 £13.33
1/4 £12.50
1/40 £10.25

obviously 40/1 is long odds, very unlikely to happen. 1/40 is the opposite - very short odds, very likely to happen.
An odd of 8/15 is just inbetweeny. 8/15 is a little bit more than 1/2, so you get £15.33 back instead of just £15.

hope that helps

By the way, dont get sucked into internet betting. ITS VERY EASY TO DO!!!

PS sometimes you'll see decimal betting (much more common these days)such as 1.74. All you do with this is to times the number by your stake. so 10 times 1.74 would mean 17.40 return. Basically in decimal betting you can work it all out from the fact 2 is evens, and the closer you are to 1, the worse the odds.
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Tednol
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#7
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#7
I personally far prefer the decimal way of giving odds. For example, for England to win might be 2.3. This means a £1 stake would return £1.3 profit, plus the original stake, £2.3 in total. Many online bookies use this method.
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Makavelli_07
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#8
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#8
If your looking to bet on football odds, the best way is an accumulator. Ask about it in the local bookies, and they'll explain.

If it comes in, you get some good money.
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Tyler Durden
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#9
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#9
(Original post by Makavelli_07)
You then get your steak back.
Mmmmmmm.... steak..... :eating:
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Checking for Spies
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#10
Report 14 years ago
#10
Thanks all,I never understood them either lol
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Jamie
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#11
Report 14 years ago
#11
(Original post by Makavelli_07)
If your looking to bet on football odds, the best way is an accumulator. Ask about it in the local bookies, and they'll explain.

If it comes in, you get some good money.
but of course the majority of the time they dont come in
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Makavelli_07
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#12
Report 14 years ago
#12
(Original post by foolfarian)
but of course the majority of the time they dont come in
Obviously not. If they did i'd be a multi-millionaire by now.

The worst thing is when your first 7 come in, and then the 8th lets you down on big money. :mad:
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