What does 1 1 odds mean payout?

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. This is how punters can use the betting odds to work out how likely bookmakers believe an outcome is to happen.

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2024-01-18 14:14:47

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What are 2-1 bet odds?
2 to 1 Implied Probability
The 2-1 betting odds probability is a 66.67 per cent probability of a particular outcome and 33.34 per cent probability of another outcome. The 2/1 odds implied probability means your selection has a 33.34% chance of winning and a 66.67% chance the selection will lose.
2024-03-20 17:58:11

What does 1.8 odds mean?
Implied probability from decimal odds: (1/odds)*100 = implied probability. Example: Odds of 1.8 for the favorite and 2.05 for the 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
. Favorite: (1/1.8)*100 = 55.55% Underdog: (1/2.05)*100 = 48.78%
2023-10-16 03:31:11

What does 1 33 odds mean?
The 33-1 betting odds probability is a 97.06 per cent probability of a particular outcome and a 2.94 per cent probability of another outcome. The 33/1 odds implied probability means your selection has a 2.94% chance of winning and a 97.06% chance the selection will lose.
2023-05-27 17:26:46

What does 1.4 odds mean?
If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. In spoken form this is “Four-to-one on”. 1/4: For every 4 units you stake, you will receive 1 unit if you win (plus your stake).
2023-04-15 23:54:01

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