![]() ![]() ![]() For instance, a winning £10 wager at odds of 3/1 will return £40 – your stake back and £30 earnings on top. To help you understand further, an odds-against bet is one from which you will more than double your money if your selection wins. Not always the most profitable venture in the long run… If you placed a bet on a horse at 1/10 and it won, you would win £1 for every £10 placed. This would be an odds on bet, and the easiest visual clue is where the number on the left of the fraction is smaller than the number on the right – prices like 1/6, 1/2, 4/5, 8/11 and so on are all examples of odds-on betting. When the bookies believe something is very likely to happen, they will make their odds so short that each punter that places a winning bet on that outcome will only make a small fraction of their stake as profit. Generally, bets can be considered odds-on or odds-against, which again sounds complex but is very simple to understand when you get your head around. These fractions (or decimals if you’re in Europe) essentially showcase how likely the bookmakers think something is to happen, with a little profit margin built in on top to help protect them from major losses… but that last bit is a whole other topic for another day. For newcomers to sports betting, odds can be a confusing topic to get your head around. ![]()
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