In this example, Mayweather is the favorite at -800, which essentially means he’s an 8-1 favorite. Just remember this: a minus-sign means you have to bet that amount to win $100. A plus-sign means that you win that amount if you bet $100. For Mayweather at -800, you have to wager $800 for every $100 you have to win.
Table of Contents
Q. How much does 9 2 odds pay?
Odds with $2 Minimum Payoff for Horse Racing
Table of Contents
| Odds | $2 Payoff |
|---|---|
| 7/2 | $9.00 |
| 4/1 | $10.00 |
| 9/2 | $11.00 |
| 5/1 | $12.00 |
Q. How do betting odds work 9 2?
For every 11, odds are that 9 will be a particular event and 2 will be another event. There is a 81.82 percent probability of a particular outcome and 18.18 percent probability of another outcome. If you bet 1 on a game with 9 to 2 odds and you win, your total payout will be 5.50 which is your bet plus 4.50 profit.
Q. How much does a $2 bet pay?
Reading the Win Odds In the latter example, a bet of $2 means you would get $42 back for a winning wager. Payoffs use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules at that track.
Q. What do 5’2 odds pay?
The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $2 – for a total of $12.
Q. How are odds paid out?
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
Q. What are true odds?
When you hear someone use the term “true odds” they are referring to the actual odds of something happening as opposed to what a linemaker or sportsbook would offer. The “true odds” are a better indication of the actual probability of something happening.
Q. What are 15 to 1 odds?
This means that out of 16 possible outcomes, odds are that there will be 15 of one kind of outcome and 1 of another kind of outcome. For every 16, odds are that 15 will be a particular event and 1 will be another event.
Q. Why do bookies change odds?
The more uncertainty surrounding an outcome, the less confidence bettors, traders or oddsmakers will have in the result. Rather than taking that risk, bookmakers would normally adjust the odds based on the flow of money; more money coming in for an outcome results in the odds shortening and the alternatives lengthened.
