This equates to 4/5 fractional odds.Ī presidential election is expected to be close, and Candidate X has 4/5 odds of winning the popular vote. Team A is favored -125 on the moneyline over Team B. This means the horse has about a 56% chance of winning based on how the betting market is evaluating its probability. The favorite horse goes off at 4/5 odds to win the race. Now that we‘ve got the definition down, let‘s look at some real-world examples of 4/5 odds: That 56% probability shows why the payout is less than even money. So if you bet $5 at 4/5 odds and win, you‘ll receive your $5 back plus $4 in profit. So there‘s a 56% (5/9) probability of the outcome occurring. So out of 9 total outcomes, 4 will result in a loss and 5 will result in a win.Īnother way to think of it is that for every 5 times the event happens, it will not happen 4 times. Let‘s start simple – 4/5 odds are expressed as a fraction, with 4 being the number of times an outcome does not occur and 5 being the number of times the outcome does occur. I know fractional odds can be confusing, so stick with me as I break this down into an easy-to-digest guide. Today I want to provide the full lowdown on the 4/5 odds format – what it means, when you‘ll see it, and how to bet smart when 4/5 odds are in play. Hey there betting fans, it‘s your pal Terry here.
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