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Noob sports gambler, How do I read the choices....

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  1. kaunman24 kaunman24 is offline

    Collegeville, PA
    United States

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    Jun 10th, 2008 (6/10/2008 3:38pm)

    Simple question how do i read/interpret the Odds when one choice is -200 and the other is like +125 or whatever would be relevant figures. Any help would be great. Thanks
  2. Dedonkefy Dedonkefy is offline

    Philadelphia, PA
    United States

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    Jun 10th, 2008 (6/10/2008 3:41pm) in reply to kaunman24

    -200 is based on a $100 bet
    You would lay 200 to win 100. So you bet 200 and win you get 300 back. The original bet and the win.

    If you take the underdog it would most likely be like +160. So you bet $100 and win with the underdog you get back $260

    As you can see if you bet the favorite -200 and I bet the underdog the house wins.

    Obv based off $100 bets but easily configured for $25, $50 or $200 etc bets

    Hope that helped
  3. kaunman24 kaunman24 is offline

    Collegeville, PA
    United States

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    Jun 10th, 2008 (6/10/2008 3:48pm) in reply to Dedonkefy

    yes it does help me out. Good start for me i just have to re-read it a few times becuase my simpleton ADD is prevelant at the moment. Thanks man
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  4. El Burro El Burro is offline

    Dallas, TX
    United States

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    Jun 10th, 2008 (6/10/2008 4:20pm) in reply to kaunman24

    To even make it simpler, base everything on a $100 bet.

    Any number with minus ahead of it means you have to bet that dollar figure to win $100.

    Any number with plus ahead of it means that's what you win with a $100 wager.
  5. kaunman24 kaunman24 is offline

    Collegeville, PA
    United States

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    Jun 10th, 2008 (6/10/2008 4:34pm) in reply to El Burro

    Finally! Someone who understands how SIMPLE i am when it comes to relatively simple concepts. I appreciate it. For bonus points....do i just divide by 5 if i was gonna do a 20 dollar bet and so on?
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  6. Dedonkefy Dedonkefy is offline

    Philadelphia, PA
    United States

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    Jun 10th, 2008 (6/10/2008 4:45pm) in reply to kaunman24

    sorry I also to help write manuals for place I worked at obv no good at the english but i was thorough with instructions hence the always long posts from me that make little or no sense
  7. kaunman24 kaunman24 is offline

    Collegeville, PA
    United States

    Posts: 77
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    Jun 10th, 2008 (6/10/2008 4:53pm) in reply to Dedonkefy

    no i think your post was great im just slow with brand new concepts.
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  8. El Burro El Burro is offline

    Dallas, TX
    United States

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    Jun 10th, 2008 (6/10/2008 5:15pm) in reply to kaunman24

     
    Originally Posted by kaunman24 View Post

    For bonus points....do i just divide by 5 if i was gonna do a 20 dollar bet and so on?

    Yeah, but there is a simpler way to look at it. +300 pays 3-1, +350 pays 3.5-1 and so on (just move the decimal to the left two spots and that's what pays out for every unit wagered). Same principle with -300, -350, etc., but reversed.

    I hope that makes sense.
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