So if you bet £10 at odds of 5.0 and won, you would receive £50 back – made up of a £40 profit and the return of your £10 stake. Because these odds include your stake, decimal odds will always be over 1.0 and an even money bet would be written as 2.0. Fractional Odds. The odds of you winning a lottery might by 1 to 10,000. On the other hand, the odds of the horse you bet on winning the race may be equal to 4 to 3. What do these numbers mean? There are two types of odds ratios: 'odds of winning' and 'odds of losing'. For odds of winning, the first number is the chances for success, and the second is the. Thus even odds 1/1 are quoted in decimal odds as 2.00. The 4/1 fractional odds discussed above are quoted as 5.00, while the 1/4 odds are quoted as 1.25. This is considered to be ideal for parlay betting, because the odds to be paid out are simply the product of the odds for each outcome wagered on. When looking at decimal odds in betting terms. Implied Probability: 1 / 2.40 = 41.7%. And Cleveland’s chances of winning: Implied Probability: 1 / 1.61 = 62.11%. Fractional Odds Explained. Let’s finally move onto fractional odds, which are commonly used in the UK and when betting on horse racing. If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Implied Probability. Odds correlate to probability. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Odds Conversion Table.
Convert odds between Fractional, American and Decimal format and see the implied odds at each. Learn how to convert betting odds using our odds conversion formulas.
Fractional | American | Decimal | Implied Odds |
---|---|---|---|
1/10 | -1000 | 1.1 | 91% |
1/9 | -910 | 1.11 | 90% |
1/8 | -833 | 1.12 | 89% |
1/7 | -714 | 1.14 | 88% |
1/6 | -588 | 1.17 | 85% |
1/5 | -500 | 1.2 | 83% |
2/9 | -455 | 1.22 | 82% |
1/4 | -400 | 1.25 | 80% |
2/7 | -344 | 1.29 | 78% |
3/10 | -333 | 1.3 | 77% |
1/3 | -303 | 1.33 | 75% |
4/11 | -278 | 1.36 | 74% |
2/5 | -250 | 1.4 | 71% |
4/9 | -227 | 1.44 | 69% |
1/2 | -200 | 1.5 | 67% |
8/15 | -189 | 1.53 | 65% |
4/7 | -175 | 1.57 | 64% |
8/13 | -161 | 1.62 | 62% |
4/6 | -149 | 1.67 | 60% |
8/11 | -136 | 1.73 | 58% |
4/5 | -125 | 1.8 | 56% |
5/6 | -120 | 1.83 | 55% |
10/11 | -110 | 1.91 | 52% |
1/1 | 100 | 2 | 50% |
11/10 | 110 | 2.1 | 48% |
6/5 | 120 | 2.2 | 45% |
5/4 | 125 | 2.25 | 44% |
11/8 | 138 | 2.38 | 42% |
6/4 | 150 | 2.5 | 40% |
13/8 | 163 | 2.63 | 38% |
7/4 | 175 | 2.75 | 36% |
9/5 | 180 | 2.8 | 36% |
15/8 | 186 | 2.86 | 35% |
2/1 | 200 | 3 | 33% |
85/40 | 212 | 3.12 | 32% |
11/5 | 220 | 3.2 | 31% |
9/4 | 225 | 3.25 | 31% |
12/5 | 240 | 3.4 | 29% |
5/2 | 250 | 3.5 | 29% |
13/5 | 260 | 3.6 | 28% |
11/4 | 275 | 3.75 | 27% |
3/1 | 300 | 4 | 25% |
10/3 | 333 | 4.33 | 23% |
7/2 | 350 | 4.5 | 22% |
4/1 | 400 | 5 | 20% |
9/2 | 450 | 5.5 | 18% |
5/1 | 500 | 6 | 17% |
11/2 | 550 | 6.5 | 15% |
6/1 | 600 | 7 | 14% |
13/2 | 650 | 7.5 | 13% |
7/1 | 700 | 8 | 13% |
15/2 | 750 | 8.5 | 12% |
8/1 | 800 | 9 | 11% |
17/2 | 850 | 9.5 | 11% |
9/1 | 900 | 10 | 10% |
10/1 | 1000 | 11 | 9% |
11/1 | 1100 | 12 | 8% |
12/1 | 1200 | 13 | 8% |
14/1 | 1400 | 15 | 7% |
15/1 | 1500 | 16 | 6% |
16/1 | 1600 | 17 | 6% |
18/1 | 1800 | 19 | 5% |
20/1 | 2000 | 21 | 5% |
25/1 | 2500 | 26 | 4% |
33/1 | 3300 | 34 | 3% |
40/1 | 4000 | 41 | 2% |
50/1 | 5000 | 51 | 2% |
66/1 | 6600 | 67 | 1% |
Be careful when using 'high' and 'low' to describe odds.
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January 30, 2020
Episode #756
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Hide playerThe Quick And Dirty'Low odds' mean something is likely, and 'high odds' mean something is unlikely, but many people get the two confused.
Martingale system on baccarat. High odds mean that if you’ve placed a bet, you’ll win a high payout; and low odds mean that if you’ve placed a bet, you’ll win a lower payout.
What are low odds?
2 To 1 Odds Mean
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Low odds are something like 2-to-1 against. Sports betting money management. These odds mean something is somewhat likely to happen.
- The odds are low that Squiggly will ask for a chocolate dessert. Squiggly loves chocolate.
- The odds are low that there will be an earthquake in California in the next decade.
If you had made a 2-to-1 bet for $1 that Squiggly would ask for a chocolate dessert, and he did, you would win $2.
Best hand in poker. 3 Card Poker Hand Ranking. Three cards in sequence of the same suit. An Ace can count as either high or low - e.g. Ties are broken by the. Three of a Kind.
What are high odds?
High odds would be something like 99-to-1 against. If you bet on a team with those odds, you’d be happy if they won because you'd win a lot of money, but these aren't the odds you want if you need something to happen because 99-to-1 is a long shot.
Here are two more examples:
- The odds are high that Squiggly will participate in the X Games.
- The odds are high that there will be an earthquake in Phoenix in the next hour.
If you had made a 99-to-1 bet for $1 that there’d be an earthquake in Phoenix and then there was one, you’d win $99. High odds yield a high payout.
If that feels backwards to you, don’t feel bad. I found it confusing too—so much so that I consulted with a mathematician to make sure I was getting it right.
Odds and probability are not the same thing
40 To 1 Odds Meaning Against
Mathematically, odds and probability are not the same thing. A high probability does mean that something is more likely to happen. But colloquially, outside the world of mathematics, many people treat odds and probability as the same thing.
Further complicating matters, odds for the same event can be presented in different ways. For example, one person might think of the odds of rolling a six on a regular six-sided die as 1-to-5 in favor, and another person might think of the odds as 5-to-1 against.
‘High odds’ and ‘low odds’ are confusing
The problem is that the phrases “high odds” and “low odds” are confusing. When you talk about odds being high, your reader can interpret that as meaning that something is likely or unlikely. The same goes with calling odds “low.”
40 To 1 Odds Meaning In Golf
What should you say?
To be clear in your writing, to make sure everyone understands what you mean, it’s better to describe the likelihood of something happening in a different way. Instead of saying the odds are high or low, you can say there's a “good chance” or a “high probability” of something happening if you mean it's likely. And if you must use odds, it’s better to say they are good or bad, instead of high or low.
That’s the safest bet.
40 To 1 Odds Meaning Slang
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