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Assuming that you bet $30 (i.e., $10 to win, $10 to place, and $10 to show) and that the prices are stated for a $2 bet, then you would receive 5 times 7.80, plus 5 times 4.40, plus 5 times 3.40 ($39+$22+$17) or $78 for a profit of $48.
If that's the case, then the odds of the visiting team of winning is 1 to 3.
It depends on whether the odds are in favour or against. Generally, the odds refer to a wins versus b losses. That is a wins out of a total number of a+b outcomes and so a probability of winning = a/(a+b).
You will probably not like this answer but it is simple. The odds in craps, and other casino games, are set in favor of the casino. Simply put, that means the longer you play, the more certain it is you will lose. If it were otherwise, the casino industry would not be making the phenomenal sums of money it makes each year. But, since you asked, the bets in craps having the smallest casino advantage are the "Pass Line, Come, Don't Pass, and Don't Come" bets. The house advantage on these bets is 1.41%. This advantage can be reduced further by making a "behind the line" wager. If you make a "behind the line" wager and you win, then you get paid "true odds" on the amount you bet "behind the line" and "house odds" for your original wager. Even though 1.41% may sound small, remember the casino is constantly grinding that percent of your money away from you, over and over again, as you remain at the craps table. Contrary to common belief, casinos do not make their money from losing bets, they make it from winning bets. Their money comes from the fact that, instead of paying true odds on a winning bet, they pay less than true odds. For example, in craps the true odds on the "any seven" bet are 5 to 1 but casinos only pay 4 to 1 on this bet. The difference between the two is how they make their money.
No
You would win a total of 420.00 - since you get your stake returned on a winning 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
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.
Assuming you lose up to 10 times.
You would win 3.25 and also get your 2 back.
$50
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
You'd win $300... Unless you are dealt a blackjack, in which case you'd receive $450 at 3:2 odds, or $360 with 6:5 odds.
It depends on how much money is bet into the show pool. The 6-1 odds are win odds. If horses with lower odds run 1,2, or 3, the show payout will likely be in the $2.60-$3.60 range. If a "lock" runs off the board and a huge show bet was placed on that horse, theoretically the show payout could be larger than the 6-1 win payout.
It would pay 80 cents on the dollar. If you bet $5 you would win $4...$10 bet would win you $8 ect...
For every unit you bet you will win 20 units, always assuming you do indeed win!
you would win the bet but at reduced odds