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How do I Calculate Winnings at Bookmakers?

Answer

1. Make a note of what the odds were on the outcome you betted on. This will be in a fractioned form, for example, 2/1, 7/4 or 100/30. 2. Remember how much money you bet on the outcome. This information and the odds given will be printed on the
source: www.ehow.com
Q&A Related to "How do I Calculate Winnings at Bookmakers?"
What you are probably interested in is calculating the house edge, or expected value, from playing the game. Probability of winning can also be calculated but isn't that helpful.
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Generally, most organizations count a tie a one half win and one half loss when computing winning percentage. The National Football League is one of the organizations that does this
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To calculate winning percentage you take wins divided by total games.
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