To get the percentage chance we divide each team’s individual score by the 30 matches. To get Fulham’s percentage you divide 14 by 30 = 46.66%. To get the Draw percentage you divide 10 by 30 = 33.33%. To get Aston Villa’s percentage you divide 6 by 30 = 20.00%.
How do you calculate odds?
The answer is the total number of outcomes. Probability can be expressed as 9/30 = 3/10 = 30% – the number of favorable outcomes over the number of total possible outcomes. A simple formula for calculating odds from probability is O = P / (1 – P). A formula for calculating probability from odds is P = O / (O + 1).
What are 7 to 2 odds?
It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. … So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9.
What does 7 to 1 odds pay?
The odds and what they mean
What are 9 to 4 odds?
9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race.
What are two to one odds?
The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you’ll get $2 for every $1 you bet. Odds are displayed in one of two formats.
What are 7 to 4 odds?
The first number (7) is the amount you’ll win from wagering the second number (4). So for every £4 that you bet, you will get back £7 if your bet wins. It’s just slightly less than 2/1. You might not win a fortune but short odds do indicate a much higher chance of success.
What do Odds 9 2 mean?
Traditional Odds in Online Horse Betting
When odds are shown in the traditional fractions, i.e. 4-1 or 9-2, it shows the amount of profit there is to be gained versus the stake. … Seeing any other number than a 1 means you can simply divide the amounts, so odds of 9-2 are basically 4½ to 1 then the same sums apply.
What do Odds 10 1 mean?
The first number (10) is the amount you’ll win from wagering the second number (1). So for every £1 or $1 or €1 you spend, you will win 10 back. For instance, a £1 winning bet at 10/1 will payout £10 (plus your £1 stake is returned).
What is 3 to 5 odds?
Odds of 3-5 indicate that your profit will be three-fifths of a dollar. In other words, for every $5 you bet you can win $3 in profit. To determine profit, multiply the amount you bet by the fraction.
What does 9 to 5 odds pay?
Odds with $2 Minimum Payoff for Horse Racing
Are higher odds better?
Odds is the payout of a winning bet
Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake. … The lower the odds for a participant are, the less money you will win.
What do Odds 11/4 mean?
Odds of 11/4 are a little trickier, but the same fundamentals apply. You would need to bet four pounds to get fifteen pounds back (your four pounds stake and eleven pounds winnings). The horse could also be given a price of 4/11, if it was a hot favorite.
What does 5 to 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. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered.