What are fair odds?
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Answer:
The odds which would leave anybody betting on a random event with 0 expected gain or loss. Thus, if the probability of the occurrence of a random event is p then the fair odds are (1 − p) to p. If, for example, p = 1/3, then the fair odds are (1 − 1/3) to 1/3 or 2 to 1.
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What are 7 to 5 odds?
Answer: The 7-5 betting odds probability is a 58.3 per cent probability of a particular outcome and a 41.7 per cent probability of another outcome. The 7/5 odds implied probability means your selection has a 41.7% chance of winning and a 58.3% chance the selection will lose.
2024-01-05 13:55:28
Do bet365 pay double odds on lucky 15?
Answer: Our Double Result offer will apply to this market, however our Best Odds Guaranteed offer and Lucky 15/31/63 bonuses do not apply to Place Only bets.
2024-01-04 12:22:25
What does 1000 mean in vegas odds?
Answer: The bigger the number after the plus sign, the bigger of an underdog
underdog
An underdog is a person or group in a competition, usually in sports and creative works, who is largely expected to lose. The party, team, or individual expected to win is called the favorite or top dog. In the case where an underdog wins, the outcome is an upset.
https://en.wikipedia.org › wiki › Underdog
Underdog - Wikipedia
that the team or person is to win. So, if a team is +1000 to win, this would mean that you would win $1000 in profit with a bet of $100 - if they won, of course.
2023-09-05 05:16:20
What is considered a fair game?
Answer: A fair game is a game in which there is an equal chance of winning or losing. We can say that if a game is fair then the probability of winning is equal to the probability of losing. If you change the rules, you can make the game less fair.
2023-08-04 11:15:07