Question about Odds

tto827 · 03-10-13, 10:53 AM

3:1 means you bet $100 and are paid out $400 ($300+your initial $100)

1:3 means you risk $300 to win $100.

3:1 is the same as 3/1

1:3 is the same as 1/3

SBR Forum · 03-10-13, 10:54 AM

Hi Eric,

3:1 is another way of writing 3/1. If you're familiar with American odds, SBR Forum offers a free odds converter.

To answer your question, yes betting $1,000 on 3:1, +300, 3/1, each would return $3,000 in winnings (you also get your initial $1000 back).

ericallen555 · 03-10-13, 11:31 AM

Alright guys thanks for the quick response,

So if I bet $1,000 on a 3/1 I recieve $4,000

Betting $1,000 on a 1/3 I get back $2,000

Essentially we just multiply our bet by the first number? What happens in the case of say,

$1,000 on a 7/3 ?

tto827 · 03-10-13, 11:33 AM

Multiply by 7 and then divide by 3

ericallen555 · 03-10-13, 11:36 AM

Also wondering, consider 4 trials of those bets -

$1,000 on a 3/1

I lose $1,000 3 Times = - $3,000

I win one time out of 4 = + $4,000

$1,000 on a 1/3

I lose one time = - $1,000

I win three times = + $6,000

It just dosen't seem fair to me because its not balanced... betting the 1/3 is always
the better bet over time. You'd think it would be even over time?

tto827 · 03-10-13, 11:44 AM

Originally posted by ericallen555

Also wondering, consider 4 trials of those bets -

$1,000 on a 3/1

I lose $1,000 3 Times = - $3,000

I win one time out of 4 = + $4,000

$1,000 on a 1/3

I lose one time = - $1,000

I win three times = + $6,000

It just dosen't seem fair to me because its not balanced... betting the 1/3 is always
the better bet over time. You'd think it would be even over time?

You win 3 times you only win $1,000.
Risking $1,000 on it, each win pays out $333.33.

InTheDrink · 03-10-13, 11:48 AM

Op you were one helluva cover corner in your day geuey

ericallen555 · 03-10-13, 12:39 PM

Ahh i see my problem here lol

1:3 means you risk $300 to win $100.

I skimmed over that in your first post :0