How do you read the odds?
- Thread starter danmand
- Start date
-300 means you wager 300 to win 100, total payout = 400 = 300 (your bet) + 100 winning;danmand said:
whereas +500 means wager 100 to win 500, total payout = 600.
Another way to look at it is at -300, you should expect this team to win (at least) 75% of the time or win 3 out of 4 to break even.
Hope this helps
Here's a table with moneyline odds expressed as percentages.
Moneyline Implied Odds
-100 50.00%
-105 51.22%
-110 52.38%
-115 53.49%
-120 54.55%
-125 55.56%
-130 56.52%
-135 57.45%
-140 58.33%
-145 59.18%
-150 60.00%
-155 60.78%
-160 61.54%
-165 62.26%
-170 62.96%
-175 63.64%
-180 64.29%
-185 64.91%
-190 65.52%
-195 66.10%
-200 66.67%
-205 67.21%
-210 67.74%
-215 68.25%
-220 68.75%
-225 69.23%
-230 69.70%
-235 70.15%
-240 70.59%
-245 71.01%
-250 71.43%
-255 71.83%
-260 72.22%
-265 72.60%
-270 72.97%
-275 73.33%
-280 73.68%
-285 74.03%
-290 74.36%
-295 74.68%
-300 75.00%
-305 75.31%
-310 75.61%
-315 75.90%
-320 76.19%
-325 76.47%
-330 76.74%
-335 77.01%
-340 77.27%
-345 77.53%
-350 77.78%
-355 78.02%
-360 78.26%
-365 78.49%
-370 78.72%
-375 78.95%
-380 79.17%
-385 79.38%
-390 79.59%
-395 79.80%
-400 80.00%
-405 80.20%
-410 80.39%
-415 80.58%
-420 80.77%
-425 80.95%
-430 81.13%
-435 81.31%
-440 81.48%
-445 81.65%
-450 81.82%
-455 81.98%
-460 82.14%
-465 82.30%
-470 82.46%
-475 82.61%
-480 82.76%
-485 82.91%
-490 83.05%
-495 83.19%
-500 83.33%
Moneyline Implied Odds
-100 50.00%
-105 51.22%
-110 52.38%
-115 53.49%
-120 54.55%
-125 55.56%
-130 56.52%
-135 57.45%
-140 58.33%
-145 59.18%
-150 60.00%
-155 60.78%
-160 61.54%
-165 62.26%
-170 62.96%
-175 63.64%
-180 64.29%
-185 64.91%
-190 65.52%
-195 66.10%
-200 66.67%
-205 67.21%
-210 67.74%
-215 68.25%
-220 68.75%
-225 69.23%
-230 69.70%
-235 70.15%
-240 70.59%
-245 71.01%
-250 71.43%
-255 71.83%
-260 72.22%
-265 72.60%
-270 72.97%
-275 73.33%
-280 73.68%
-285 74.03%
-290 74.36%
-295 74.68%
-300 75.00%
-305 75.31%
-310 75.61%
-315 75.90%
-320 76.19%
-325 76.47%
-330 76.74%
-335 77.01%
-340 77.27%
-345 77.53%
-350 77.78%
-355 78.02%
-360 78.26%
-365 78.49%
-370 78.72%
-375 78.95%
-380 79.17%
-385 79.38%
-390 79.59%
-395 79.80%
-400 80.00%
-405 80.20%
-410 80.39%
-415 80.58%
-420 80.77%
-425 80.95%
-430 81.13%
-435 81.31%
-440 81.48%
-445 81.65%
-450 81.82%
-455 81.98%
-460 82.14%
-465 82.30%
-470 82.46%
-475 82.61%
-480 82.76%
-485 82.91%
-490 83.05%
-495 83.19%
-500 83.33%
So the odds you get from the bank are
+100 1 to 1
+200 2 to 1
+300 3 to 1
??
and
-100 1 to 1
-200 1 to 2
-300 1 to 3
??
So, if the moneyline for Black is :
Will Conrad Black be sentenced to Jail time?
Yes -5000 that means 1 to 50, you wager 5,000 and win 5,100
No +2500 that means 25 to 1 you wager 100 and win 2,500 or 2,600
Correct?
+100 1 to 1
+200 2 to 1
+300 3 to 1
??
and
-100 1 to 1
-200 1 to 2
-300 1 to 3
??
So, if the moneyline for Black is :
Will Conrad Black be sentenced to Jail time?
Yes -5000 that means 1 to 50, you wager 5,000 and win 5,100
No +2500 that means 25 to 1 you wager 100 and win 2,500 or 2,600
Correct?
Actually you wager $5,000 to win $100. The other $5,000 is your wager returned.danmand said:
I know you specified 50-1, but for novices, I would not want them to think they get $5,100 on a $5,000 wager.
