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What odds should you bet?

Updated: 9/24/2023
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Continue Learning about Math & Arithmetic

What does 7 to 2 odds pay?

For every $2 bet you get $7


What is payment on 8 to 5 odds on a 2 dollar bet?

A total of $3.20 for a profit (payment to the winner) of $1.60


What are the odds on hitting a 12 as a pass line line bet in craps?

1 in 36. There are 36 possible combinations of the dice, but only 1 way to roll a 12.


What are your chances of winning craps?

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.


What is a sentence with odds?

What are the odds that their marriage will last? Many people have a drawer that seems to collect all kinds of odds and ends.

Related questions

Where can one bet on the NFL Vegas Odds?

To bet on the NFL Vegas Odds, one should visit the official 'Vegas Insider' webpage. Alternatively, one could visit other betting sites, such as 'Oddschecker' for NFL Vegas Odds.


How are the odds determined on racetrack bets?

In the US, we use the parimutuel system which means that the betters set the odds by the money they bet. The more bet on a horse, the lower the odds. The favorite has the most money bet on him while a longshot is a horse with very little money bet on him.


What do you win if the odds are 5 to 2?

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.


Do you bet only on odds and even numbers in roulette?

you can bet on both at the same time


Best odds in a crap game?

According to most "experts" the best odds are the pass line bet and come bet, or don't pass and don't come bets.


Where could one find a reliable bet calculator online?

Bet Directory has a reliable bet calculator. In addition, it has betting odds and previews for many bets, including football, cricket, and horse racing. Other bet calculators include Free Bet Calculator and Odds Checker.


What are the payouts for a 2 dollar 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


What are the best craps strategies?

The best bet in the game of craps, and in fact, the best bet in the whole casino as far as odds are concerned, is the free odds bet that can be taken behind the pass line or don't pass line. It's the only bet in the entire casino that pays correct odds.


What is a bet against heavy odds called?

A long shot.


Can you bet on anything?

yes you can all you have to do is ask for the odds at the bookies


Where can one see the odds of a bet?

There are a few options that are available to see betting odds. This would greatly depend on what odds one is interested in viewing, but one can find betting odds on sites such as Odds Checker, Odds Portal and Odds Shark.


What is the payout on a 25.00 bet getting 40 to 1 odds?

$1000