1. 03-10-13 10:49 AM #1
    ericallen555
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    Question about Odds

    Hey guys I'm new to this stuff just a quick inquiry here for you today,

    Does 3/1 Odds mean lose 3 win 1?

    Does 3 : 1 Odds mean the same thing ?


    Also, if I were to bet $1,000 on 3/1 odds proposition, would that mean I get $3,000 for winning?

    Would betting $1,000 on 3:1 also mean $3,000 back?


    I know this stuff is pretty simple but I don't know anybody who bets sports to ask for their help
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  2. 03-10-13 10:53 AM #2
    tto827
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    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
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  3. 03-10-13 10:54 AM #3
    SBR Forum
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    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).
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  4. 03-10-13 11:31 AM #4
    ericallen555
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    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 ?
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  5. 03-10-13 11:33 AM #5
    tto827
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    Multiply by 7 and then divide by 3
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  6. 03-10-13 11:36 AM #6
    ericallen555
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    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?
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  7. 03-10-13 11:44 AM #7
    tto827
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    Quote Originally Posted by ericallen555 View Post
    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.
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  8. 03-10-13 11:48 AM #8
    InTheDrink
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    Op you were one helluva cover corner in your day geuey
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  9. 03-10-13 12:39 PM #9
    ericallen555
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    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
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