Betting odds tutorial - bookies (bookmakers), exchange (decimal), Asian (percentage) and American 1-2 (or 2-1 ON) means you get 1 unit for every 2 staked.
When ever there is betting, I always notice numbers like 2-1 or 3-1. What does this mean? Thanks for answering.
So 2/1 odds for one team and 4/1 for the other doesn't mean that the first team has 50% chance to win the game, but that the sportbook believes that the team is.
Confidence Interval Interpretation. 95% Confidence Interval 90% 99%
2/1 odds means - free
The talk page may contain suggestions. The Science of Conjecture: Evidence and Probability Before Pascal. Similar ratios are used elsewhere in Bayesian statistics, such as the Bayes factor. Check out the bookmakers below for the best free bets currently available. Please email inquiries sibariautonomo.info if you believe this is an error. So, it is "better than evens" from the gambler's perspective because it pays out more than one-for-one.
Let's have a real money. Report Post ok, it is stated the odds come from paddypower. In some cases the log-odds are used, which 2/1 odds means the logit of the probability. If I go to the store for my neighbor to buy a lottery ticket am I entitled to half the winnings? Called this way because this form of betting odds is used. The odds in favor of an event or a proposition is the ratio of the probability that the event will happen to the probability that the event will not happen.