How do I Calculate Winnings at Bookmakers?


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.
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
To calculate winning percentage you take wins divided by total games.
Explore this Topic
To calculate bookmaker's odds,use different methods for different sports. The three types are decimal, fraction, and American. To understand the odds for different ...
There are three types of Betting odds fraction,american and decimal. The most common betting odd used in UK is the fraction, Betting odds are used to calculate ...
Bookmakers usually use odd compiler in order to access the probability and calculate the odds so that they can lure punters into spending their money on dead-cert ...
About -  Privacy -  Your Cookie Choices  -  Careers -  About P.G. Wodehouse -  Articles -  Help -  Feedback © 2014 IAC Search & Media