You would win a total of 420.00 - since you get your stake returned on a winning bet.
Odds of 9-2 means that for every 2$ you bet you will get 9$ if you win, and nothing otherwise.
You would win 1000 and get your 25 back, so you would get 1025.
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.
"The same as getting heads the first time, a one-in-two chance." No It's Not! "One in two chance" means 50/50 chance. The odds of getting 2 in a row are not 50/50. I don't know what it is because that's how I arrived at this question. But if my friend were to bet me that he could get to heads in a row.... I'd take him up on that bet everytime, saying that he couldn't. He'd win a couple times here and there but in the end would lose money. It's not 50/50.
Trix Lucky Rabbit contest where you can win 100 dollars. There are 200 second prizes. 1 in 16000 chance to win
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.
You would win 3.25 and also get your 2 back.
$50
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-$3.60 range. If a "lock" runs off the board and a huge show bet was placed on that horse, theoretically the show payout could be larger than the 6-1 win payout.
For every unit you bet you will win 20 units, always assuming you do indeed win!
you would win the bet but at reduced odds
Odds of 9-2 means that for every 2$ you bet you will get 9$ if you win, and nothing otherwise.
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 you cashed your ticket you would receive $160 -- $140 in winnings along with your original $20 bet.
Why would frogs have money?!This depends on which dog wins, if both frogs pick the wrong dog, they wouldn't win anything.It also depends on the odds of the dog that wins, and whether or not the frogs are allowed to bet in the first place.If neither of their dogs win, I bet they would be hopping mad.
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.