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Sports Betting Odds Explanation

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  • September 24, 2013 at 5:27 pm #19940
    enrique

    Some online betting sites have Tony Martin at 11/10 and others at 10/11. Can someone explain to me in practical terms how those bets work? Thanks! 🙂

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  • September 25, 2013 at 11:43 am #757969
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    The Rumpo Kid

    drheaton wrote:Can I bet on

    drheaton wrote:
    Can I bet on McQuaid each way? :D

    I was just about to edit the post along those lines! Actually a gambling friend of mine always bets against his favourite Football Team. That way he’s happy when they win, and has some financial compensation when they lose.

    September 25, 2013 at 11:39 am #757967
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    The Rumpo Kid

    notfastenough wrote:T’m going

    notfastenough wrote:
    T’m going to bookmark this thread, never have known what all that stuff means!

    So what does all the jargon mean, like ‘each way’ etc?


    I’m afraid an explanation of all the jargon would fill an encyclopaedia. “Each way” means you are effectively making two bets, and the bookies pay a quarter of the odds if your choice “places” i.e finishes in the first three (four in a large field). So if you back a 4/1 horse at £1 each way and it finishes first, you get £4 for the win, and £1 for the place, and your two £1 stakes back, meaning £7. If it finishes second, you lose the £1 win stake, win £1 for the place, get your place stake back, and break even.

    September 25, 2013 at 11:37 am #757965
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    drheaton

    Can I bet on McQuaid each
    Can I bet on McQuaid each way? 😀

    September 25, 2013 at 11:28 am #757963
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    The Rumpo Kid

    And in case anyone’s
    And in case anyone’s interested in the UCI Election:
    Pat McQuaid 5/2
    Brian Cookson 1/4
    Courtesy of Paddypower.

    September 25, 2013 at 11:05 am #757961
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    notfastenough

    T’m going to bookmark this
    T’m going to bookmark this thread, never have known what all that stuff means!

    So what does all the jargon mean, like ‘each way’ etc?

    September 24, 2013 at 7:56 pm #757959
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    Gkam84

    I wouldn’t put money on
    I wouldn’t put money on anyone with those odds. I’d rather put money on an outsider to podium….10/1 kind style

    September 24, 2013 at 7:22 pm #757957
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    Simon_MacMichael

    At the risk of confusing
    At the risk of confusing Enrique (and anyone else not familiar with gambling parlance), if you split the difference between the 11/10 and 10/11 odds, you get… evens 😉

    (ie ‘even money’ – put on £10, win £10 (plus your original £10 back) :B

    September 24, 2013 at 7:12 pm #757955
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    enrique

    Ok, I’m not a gambler but
    Ok, I’m not a gambler but those look like pretty good odds to me… Aren’t these houses sort of giving away money at those odds, with Tony being the favorite?… It sounds “odd” :)… You do get your atake back in both if you win, right?

    Ok, I was laughing about the tenner joke… 😀 Then I thought it was cruel… :”( But then I thought it was funny anyway 😀 But then I thought I didn’t have one… :”( But then… Well, you know how those of us with bipolar disorders flip ‘n flop… Thanks! 🙂

    September 24, 2013 at 6:02 pm #757953
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    STEVESPRO 79

    At 11/10… If you put 10
    At 11/10… If you put 10 dollars on at that price then you would win 11 dollars, plus get your 10 dollar stake back..21 dollars in total…

    At 10/11 he is more of a favourite…This time to win 21 dollars, you would need to put 11 dollars on to win 10 dollars…

    Hope this helps……

    I used dollars as I know how much a tenner pains you… 🙂

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