What are betting odds? What is probability? Probability is the likelihood of an outcome happening and is usually displayed as a percentage. For example, if we were to toss a coin, there are two possible outcomes. How do betting odds work? Betting odds are displayed as fractions or decimals and tell us how much we stand to win if our bet is successful.
Fractional odds explained Fractional odds tell us how much we stand to win in relation to our stake. The number on the left is the amount we stand to win if we stake the amount on the right. We simply multiply our stake by the odds, to get our total returns. Here are some other examples… 6. Selections 2, 3, 4, and 5 form a Yankee, as described above.
Selections 1, 2, 3, 4, 5, and 6 form a sixfold accumulator, as described above. At least one correct selection guarantees a return. ATC and 'if cash' bets generally referred to as 'conditional bets' are normally not accepted on Ante-post selections. A wager on two selections and consisting of two single bets. If one selection wins hence the phrase 'if cash' then the original stake is placed as an additional single bet on the second selection. If both selections win each original stake is placed as a single on the other selection: in effect giving twice the winnings for just two stake units.
The downside of only one winning selection is that both original stakes are lost. Usually played for 'single stakes about SSA ' meaning stakes identical to the original ones are placed on selections in the case of one or more winners. Note: an odds-on winner will not supply enough money for 'double stakes about' so the whole amount actually available is used.
Round Robin[ edit ] A wager on three selections and consisting of 10 separate bets: 3 doubles, 1 treble and 3 up-and-down bets each of 2 separate bets. It may be considered to be a Trixie to which 3 up-and-down bets have been added. Flag[ edit ] A wager on four selections and consisting of 23 separate bets: 6 doubles, 4 trebles, 1 fourfold and 6 up-and-down bets. It may be considered to be a Yankee to which 6 up-and-down bets have been added. Super Flag[ edit ] A wager on five selections and consisting of 46 separate bets: 10 doubles, 10 trebles, 5 fourfolds, 1 fivefold and 10 up-and-down bets.
It may be considered to be a Canadian to which 10 up-and-down bets have been added. Rounder[ edit ] A wager on three selections A, B and C consisting of 3 singles and 3 any-to-come ATC doubles to the original singles stakes. Union Jack[ edit ] A wager on nine selections usually placed in a 3 by 3 grid on a purpose-designed betting slip and consisting of 8 trebles.
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Understanding Betting Odds in 5 Minutes
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