Not really a newbie, but I have a question on betting.
Long story short, I am a 71 yr old (young!) female. I live in Hawaii and we have no legalized gambling here, altho I do see alot of locals in several betting forums giving picks and stuff. I think they have some kind of online account with their local "house"/bookie.
Anyways, I am playing the Beat The Streak Contest and I found a page that had the top 25 hitters to get a home run for today. So I used my secret method to see who I thought would get a home run. These 5 hitters qualified using my secret method. They only have to meet one criteria to make this list.
23.9% Machado +318
20.0% JD Martinez +400
19.8% Witt +405
18.4% Seager +443
20.0% Hernandez (Sea) +400
The percentage is the probability of getting a home run.
I read a little bit about payouts, but not quite sure.
So, if I put $100 down on JD Martinez at +400 and the bet won, would I win $400?
My sister is going to Las Vegas and I was thinking of giving her a couple of bucks to put in some bets there.
Just wanted to double check if I was doing the math correctly.
I just started today using the method on the Home Run Odds players so I don't have a good sample size yet. BUT, I use the the same method to find my BTS players and this is the first year I got a good streak going before it crashed and burned....15, my highest streak in the 10+ years I've been playing.
Ok, sorry I rambled ......if I find any qualified players for tomorrow, I'll post them here.
Thanks for your time,
Aunty in Hawaii!