What is the formula for calculating bet?

It's a conversion of odds into a percentage. For American odds, the equation is different for favorites and underdogs
underdogs
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
. For favorites, it's odds/(odds + 100) x 100. So if a team is -200 it would be 200/(200 + 100) x 100.

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2024-02-21 01:01:02

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What is a 10 11 bet?
10-11 Betting Odds means that out of 21 possible outcomes, the 10/11 odds are that there will be 10 of one kind of outcome and 11 of another kind of outcome. The 10-11 odds calculation means for every 21 betting events your selection should win 11 times and on 10 occasions the selection will not win.
2024-02-19 05:53:53

What is the formula for calculating odds?
Odds = Probability / (1-probability). Odds ratio (OR) = ratio of odds of event occurring in exposed vs. unexposed group.
2024-01-07 12:34:16

Is bet 365 legal in ohio?
Bet365 is legal in Ohio, and started taking bets as of January 1, 2023.
2023-12-26 08:17:18

Can you bet on live games on betway?
Live Sports Betting, Bet In-Play and pre-match betting are available on a wide range of sports including NBA, NFL, NHL, Soccer, Baseball, Champions League, Horse Racing and Tennis. Online Betting at your finger tips with Betway. Bet on ALL your favourite sports with Betway.
2023-04-12 17:46:24

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