How good are 7 1 odds?

7 to 1 Implied Probability
The 7-1 betting odds probability is an 87.50 per cent probability of a particular outcome and a 12.50 per cent probability of another outcome. The 7/1 odds implied probability means your selection has a 12.50% chance of winning and an 87.50% chance the selection will lose.

128.6K

541.2K views
2023-09-26 04:59:57

Show all Q/A Info

Are 99 to 1 odds good?
99–1 is the highest possible odds that can be posted on the tote board. The tote board can not go any higher, most likely the payoff will be greatly over $200.00 for a $2.00 wager.
2024-02-17 22:33:45

Is 9 1 odds good?
9 to 1 Implied Probability
The 9/1 odds implied probability means your selection has a 10.00% chance of winning and a 90.00% chance the selection will lose.
2024-01-09 09:50:05

Are 1 to 1 odds good?
A very simple explanation of probability would be a coin toss, in which the two possible outcomes are heads or tails. The probability of getting heads is a one in two chance, which can be represented as odds of 1/1, which would mean the outcome has a 50% chance of winning.
2023-12-23 00:39:55

Are 20 to 1 odds good?
What 20-to-1 means: When you see 20-to-1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20-to-1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.
2023-05-13 11:33:40

Recommended Next Q/A:
Why should i play poker?