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A total of $3.20 for a profit (payment to the winner) of $1.60
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What does 7 to 2 odds pay?
For every $2 bet you get $7
What are the odds of winning millions in the lottery?
Very poor. New York Lotto, for instance, is 6 balls in a field of 54, with two games played for a dollar. The odds of hitting the jackpot is thus 2 in 25,827,165.
What are the odds of rolling a 6 or an 8 before rolling a 7 in craps?
Here are the odds in craps: 7 vs. 6 Odds: 6 to 5 7 vs. 5 Odds: 6 to 4 or 3 to 2 7 vs. 4 Odds: 6 to 3 or 2 to 1 7 vs. 3 Odds: 6 to 2 or 3 to 1 7 vs. 2 Odds: 6 to 1
What are the odds of rolling 6 consecutive doubles with 2 dice?
The odds of rolling 6 out of 2 consecutive dice is 100/25.
How do you express odds of 2 to 1 as a percentage?
For 2 to 1 odds of winning;Probability of winning:0.333333, or;Chance of winning:33.33%
What are the payouts for a 2 dollar bet?
it depends on the odds of the horse. if you bet on the favorite you will make less than you would if you were to bet on a long shot
What do you win if the odds are 5 to 2?
When the odds are 5 to 2, if you bet $2 on something and win then you will receive $7 The $2 you bet and the $5 you won.
What does 7 to 2 odds pay?
For every $2 bet you get $7
What does odds 9-2 mean?
Odds of 9-2 means that for every 2$ you bet you will get 9$ if you win, and nothing otherwise.
What are good odds in horse racing?
Traditionally odds is a measure of the likelihood OS something occurring. However in horse racing it measures what your payoff will be if your bet wins. Fractional odds are what most of us are familiar with. If a horse is quoted at 4/1 then for every dollar you bet you win four dollars. Decimal odds indicate what your payoff will be if your bet wins, including your bet. For example if a horse is quoted at 5.00 then you will be paid five dollars for every dollar bet. In decimal odds, a price of 5.00 is the same as the fractional odds of 4/1. Moneyline odds indicate what your payoff will be in relation to a $100 bet. For example if the odds are 4/1 then the moneyline odds will be displayed as $400. If the odds are 1/4 then the moneyline odds will be displayed as negative $400. Fractional odds 4/1 = Decimal odds 5.00 = Moneyline odds $400 Fractional odds 1/4 = Decimal odds 1.25 = Moneyline ofdds -$400
What would be the payout on a 50 bet with 7-2 odds?
Nothing if you lost
What do odds 2-1 mean?
Odds of 2-1 mean that person offering the odds is moderately confident that the event in question will happen. If they offer 2-1, and you bet £/$ 10, if the event happens you would win £/$ 20 and the £/$ 10 that you bet on the event. So in total you would get £/$ 30 back.
What is the payout on 20 to 2 odds betting 20 dollars?
Betting 20 on 20 to 2 odds, you will get a return of 200. The odds of 20 to 2 are equal to 10 to 1. For every 1 bet, you will get a return of 10. Bet 20, get a return of 20 x 10 or 200. Having the odds of 20 to 2 is very unusual because all legal betting venues would have changed such odds to read 10 to 1.
How much would I get from a 2 bet if the odds are 13 to 8?
You would win 3.25 and also get your 2 back.
What do even odds mean in horse racing?
A horse at 1:1, or even odds, means that for every $2 dollars you bet you will receive $4.
If someone said to you I bet you 1 dollar that if you give me 2 dollars I will give you 3 in return Would this be a good bet?
No. If you gave somebody 2 dollars, they would decide not to give you the 3 dollars in return. They would lose the 1 dollar on the bet, but you just gave them 2 dollars, so they are still a dollar ahead (an you are out a dollar). NOTE: Even if they decided to give you the 3 dollars, it would be a wash. You give them 2, they give you 3. They win the 1 dollar bet, so you now give them a 3rd dollar, and you are both back where you started.
What is the definition of what are the odds?
The Chances. Ex: What are the Chances that I will be rich tomorrow? The odds are most likely to be high, if I have no plan to get there. That's pretty much what odds mean. ** this originates from gambling...especially gambling on horses (though the same practices apply to other kinds of racing betting and also betting on sporting events, I believe....and possibly roulette, though those are fixed odds). Before a horse race when people are placing bets, the different horses in the race will have different 'odds' -- the amount of pay off a bettor will get if his chosen horse wins...horses likely to win are those good to bet on due to the probability of them finishing first (or placing if that is what you are betting on) but have lower odds -- for example, a horse with a very good record might have odds of 1 to 1 or 2 to 1 (i think that's right) which means that if you bet a dollar and the horse won, you would get what you bet or get twice what you be (so you would end with 2 or 3 dollars). The odds are much greater on horses unlikely to win...so if they DO somehow cross the finish line first you will get a huge payoff (sometimes 100 or 1000 to one)...but the probability of winning that money is very low. "Long odds". A slim chance. Therefore, 'what are the odds' is reference to a gambler asking a bookie what kind of payoff a certain racer has, to try and figure out how much to bet, how much they might win, and if it's a good bet to make.
