N I Bet Higher
RTP, or return-to-player, tells you the house edge of each slot. The higher the RTP, the more likely you are to win back your stake overall. Slots such as the Raging Rhino slot, and the Montezuma slot all have an RTP of above 95%, making them ideal for those on the looking for the highest RTP slots. Safe Gaming at Betfair Casino. LONDON, Nov 3 (Reuters) - Wall Street was set to open higher on Tuesday as investors bet on a clear win for Joe Biden in the most polarised U.S. Presidential election in recent times.
Below are the three main formats used for expressing betting odds.
- Decimal
- Moneyline (or American)
- Fractional
Most likely, you’ll come across all of these formats when playing online. Some sites let you choose your format, but some don’t. This is why knowing all of them is extremely beneficial.
This is the format most commonly used by betting sites, with the possible exception of sites that have a predominantly American customer base. This is probably because it is the simplest of the three formats. Decimal odds, which are usually displayed using two decimal places, show exactly how much a winning wager will return per unit staked.
Here are some examples. Remember, the total return includes the initial stake.
https://goldetective.netlify.app/slot-machines-at-harrahs-cherokee.html. The calculation required to work out the potential return when using decimal odds is very simple.
In order to work out the potential profit just subtract one from the odds.
Using the decimal format is as easy as that, which is why most betting sites stick with it. Note that 2.00 is the equivalent of even money. Anything higher than 2.00 is odds against, and anything lower is odds on.
Moneyline/American
Moneyline odds, also known as American odds, are used primarily in the United States. Yes, the United States always has to be different. Surprise, surprise. This format of odds is a little more complicated to understand, but you’ll catch on in no time.
Godfather Slots Bonus GamesThe Free Spins Challenge is very exciting – not to mention the fact that it can help you win a lot of money. Godfather slot machine online, free. The reason for this is simple: Sonny Corleone will talk you through the game to ensure that you are on track from the moment you sit down to play.As a one cent, local area progressive slot machine, this game has it all. If you are up to it, Sonny will walk you through a list of challenges. The more you complete the more free spins you receive.The progressive bonus is where the real fun starts.
Moneyline odds can be either positive (the relevant number will be preceded by a + sign) or negative (the relevant number will be preceded by a – sign).
Positive moneyline odds show how much profit a winning bet of $100 would make. So if you saw odds of +150 you would know that a $100 wager could win you $150. In addition to that, you’d also get your stake back, for a total return of $250. Here are some more examples, showing the total potential return.
Negative moneyline odds show how much you need to bet to make a $100 profit. So if you saw odds of -120 you would know that a wager of $120 could win you $100. Again you would get your stake back, for a total return of $220. To further clarify this concept, look at these additional examples.
The easiest way to calculate potential returns from moneyline odds is to use the following formula when they are positive.
If you want to know the total potential return, simply add your stake to the result.
For negative moneyline odds, the following formula is required.
Again, simply add your stake to the result for the total potential return.
Note: the equivalent of even money in this format is +100. When a wager is odds against, positive numbers are used. When a wager is odds on, negative numbers are used.
Fractional odds are most commonly used in the United Kingdom, where they are used by bookmaking shops and on course bookies at horse racing tracks. This format is slowly being replaced by the decimal format though.
Here are some simple examples of fractional odds.
- 2/1 (which is said to as two to one)
- 10/1 (ten to one)
- 10/1 (ten to one)
And now some slightly more complicated examples.
- 7/4 (seven to four)
- 5/2 (five to two)
- 15/8 (fifteen to eight)
These examples are all odds against. The following are some examples of odds on.
- 1/2 (two to one on)
- 10/11 (eleven to ten on)
- 4/6 (six to four on)
Note that even money is technically expressed as 1/1, but is typically referred to simply as “evens.”
Some e-wallets will have your winnings in your account within an hour and this is exactly what you should be looking for. Online casinos with instant cash or. Our for the different 2020 eWallets and payments methods will help you choose the best option and avoid long delays. These options will depend on the country you live in too so be sure to check out our Top 10 sites and country specific 2020 rated reviews so you can find instant and same day cashout sites with payment methods you can use.
Working out returns can be overwhelming at first, but don’t worry. You WILL master this process with enough practice. Each fraction shows how much profit you stand to make on a winning wager, but it’s up to you to add in your initial stake.
The following calculation is used, where “a” is the first number in the fraction and “b” is the second.
Some people prefer to convert fractional odds into decimal odds before calculating payouts. To do this you just divide the first number by the second number and add one. So 5/2 in decimal odds would be 3.5,6/1 would be 7.0 and so on.
How do betting odds work?
What are odds?
Odds are a way of showing 1) how likely something is to happen and 2) how much you'll win if it does happen.
How are odds shown?
Odds can be shown in different ways. In betting, the main forms of odds you'll see are:
FRACTIONAL ODDS e.g. 7-1 (as used by bookmakers)
DECIMAL ODDS e.g. 11.0 (used on betting exchanges)
MONEYLINE ODDS e.g. +120 (used by American sportsbooks)
PERCENTAGE ODDS e.g. 25% (shown as payouts in casino games)
To explain odds, we'll answer the two most important questions
What are the chances of it happening AND How much will I win if it does?
What are the odds of it happening?
If you choose a card at random from a standard pack (13 cards of 4 suits, no jokers), what are the chances of selecting a diamond?
There are 13 diamonds and 52 cards. So the chance of choosing a diamond is 13 chances out of 52 i.e. 1 in 4.
The easiest way to show this is as a FRACTION i.e. 1 / 4 - there are four possible outcomes and only 1 of them is a winner.
Another way to show this is as a PROBABILITY. Probability ranges from 0 (impossible) to 1 (certain). The card bet above would be shown as 0.25.
Bookmakers odds
In bookmakers odds, this would be shown as 3-1. You might think it would be 4-1. It isn't, because bookies odds show the chances against the event. As there are 3 cases where this bet won't win and 1 where it will, the odds are 3-1.
Decimal odds
In decimal odds, this bet would show as 4.0. Remember, in decimal odds, the number shown is the payout, not just the winnings. A £1 bet on this result would give you £4 (£3 winnings plus your £1 stake)
American odds
In tems of a moneyline, this bet would be shown as +300.
Percentage odds
In percentage odds, this bet would be shown as a 25% chance.
How much will I win?
Bookmakers odds (Fractional)
Bookies odds (also known as Fractional odds) are shown as A-B or A/B i.e. 'For every B units you bet, you will win A units' (We'll call A the 'return' and B the 'stake') eg
3-1 : every 1 unit you stake will return 3 units
7-2 : every 2 units you stake will return 7 units
9-4 : every 4 units you stake will return 9 units.
Your stake is returned with your winnings, so your payout (ie the money you're given) is A / B x stake + stake
eg if you bet £100 on a horse whose odds are 9-4, your overall payout on a winning bet is 9 / 4 x 100 + 100 = £325
You'll sometimes hear of an 'Odds on' favourite. What this means is that the event is so likely to happen that the bookies have set the odds so that the return is less than the stake.
For example:
1-2 (or 2-1 ON) means you get 1 unit for every 2 staked
2-7 (or 7-2 ON) means you get 2 units for every 7 staked
Don't forget, though, that your original bet is still returned, so you still win overall.
Eg a £100 bet on a horse at 1-2 pays out £150 (1 / 2 x 100 + 100).
If this seems a bit confusing, try our Instant Bet Calculator and work out your winnings!
We've also included a section on different bet types (each-way, place and multiple (Yankee, Lucky 15 etc)
Decimal odds
Decimal odds are the favoured method of displaying odds on betting exchanges such as betfair. With decimal odds, things are simpler as the figure quoted is the payout per unit staked. For example, for a £100 bet at betfair,
7.0 pays out £700 (7.0 x £100 staked)
4.1 pays out £410 (4.1 x £100)
1.2 pays out £120 (1.2 x £100)
Remember, though, the great thing about betfair is that it's an exchange (see our guide to betting exchanges). As such, betfair are not an ordinary bookmaker - they don't set the odds. They allow bettors to choose whether to back or lay on an event, so you're effectively trying to outwit other punters. Great fun and very profitable if you know what you're doing. To help you get familiar with the exchange,they'll give you free £25 bet when you open your account.
American odds
American sportsbooks have a slightly different way of showing odds, which is known as a moneyline. It's very often used in NFL matches, for example, where one team is the favourite and one is the underdog. For example, you may see the following betting options for a match:
Chicago Bears -140
Dallas Cowboys +110
Moneyline odds are shown in two ways - the favourite as a negative number, the underdog as a positive.
If the figure quoted is positive, the odds show how much you'd win on a $100 wager. Positive numbers are the same as Odds Against.
If the figure quoted is negative, the odds show how much you'd need to wager in order to win $100. Negative numbers are the same as Odds On.
For a comparison of moneyline odds versus fractional and decimal, see the table below.
Percentage odds
Percentage odds are an accurate way of showing how likely something is to happen (see below).
Asian sportsbooks such as 138 will use probability when quoting sports betting odds, but you'll most likely come across percentage odds when playing at casinos.
Casinos use percentages to show the odds of individual bets in a game, plus the overall payout rate for the casino. The closer the payout is to 100%, the more likely you are to win.
What will I win?
To see how much you will win for stakes of £1, £5 and £10, for each of the betting odds discussed above, have a look at our Betting odds comparison table (below) or simply use our Instant Bet Calculator.
Betting odds comparison table
| Fractional | Decimal | American | % | Probability | Returns (£1) | Returns (£5) | Returns (£10) |
|---|---|---|---|---|---|---|---|
| Odds On | |||||||
| 1/2 | 1.50 | -200 | 67 | 0.67 | £1.50 | £7.50 | £15.00 |
| 8/15 | 1.53 | -187.5 | 65 | 0.65 | £1.53 | £7.65 | £15.30 |
| 4/7 | 1.57 | -175 | 64 | 0.64 | £1.57 | £7.85 | £15.70 |
| 8/13 | 1.62 | -162.5 | 62 | 0.62 | £1.62 | £8.10 | £16.20 |
| 4/6 | 1.67 | -150 | 60 | 0.60 | £1.67 | £8.35 | £16.70 |
| 8/11 | 1.72 | -137.5 | 58 | 0.58 | £1.72 | £8.60 | £17.20 |
| 4/5 | 1.80 | -125 | 56 | 0.56 | £1.80 | £9.00 | £18.00 |
| 5/6 | 1.83 | -120 | 55 | 0.55 | £1.83 | £9.15 | £18.30 |
| 10/11 | 1.91 | -110 | 52 | 0.52 | £1.91 | £9.55 | £19.10 |
| Odds Against | |||||||
| Evens | 2.00 | +100 | 50 | 0.50 | £2.00 | £10.00 | £20.00 |
| 11/10 | 2.10 | +110 | 48 | 0.48 | £2.10 | £10.50 | £21.00 |
| 6/5 | 2.20 | +120 | 45 | 0.45 | £2.20 | £11.00 | £22.00 |
| 5/4 | 2.25 | +125 | 44 | 0.44 | £2.25 | £11.25 | £22.50 |
| 11/8 | 2.37 | +137.5 | 42 | 0.42 | £2.37 | £11.85 | £23.70 |
| 6/4 | 2.50 | +150 | 40 | 0.40 | £2.50 | £12.50 | £25.00 |
| 13/8 | 2.63 | +162.5 | 38 | 0.38 | £2.63 | £13.15 | £26.30 |
| 7/4 | 2.75 | +175 | 36 | 0.36 | £2.75 | £13.75 | £27.50 |
| 15/8 | 2.83 | +187.5 | 35 | 0.35 | £2.83 | £14.15 | £28.30 |
| 2/1 | 3.00 | +200 | 33 | 0.33 | £3.00 | £15.00 | £30.00 |
| 85/40 | 3.13 | +212.5 | 32 | 0.32 | £3.13 | £15.65 | £31.30 |
| 9/4 | 3.25 | +225 | 31 | 0.31 | £3.25 | £16.25 | £32.50 |
| 5/2 | 3.50 | +250 | 29 | 0.29 | £3.50 | £17.50 | £35.00 |
| 11/4 | 3.75 | +275 | 27 | 0.27 | £3.75 | £18.75 | £37.50 |
| 3/1 | 4.00 | +300 | 25 | 0.25 | £4.00 | £20.00 | £40.00 |
| 100/30 | 4.33 | +333 | 23 | 0.23 | £4.33 | £21.67 | £43.33 |
| 7/2 | 4.50 | +350 | 22 | 0.22 | £4.50 | £22.50 | £45.00 |
| 4/1 | 5.00 | +400 | 20 | 0.20 | £5.00 | £25.00 | £50.00 |
| 9/2 | 5.50 | +450 | 18 | 0.18 | £5.50 | £27.50 | £55.00 |
To work out exactly how much you'll win on your bet, use our Instant Bet Calculator
Why Bookies odds aren't accurate
The problem people have in understanding odds is trying to link the bookies' odds of a horse winning with its actual chances of winning. This is because bookies' odds are influenced by probability, but are not an accurate representation.
Bookmakers set their prices with two intentions: firstly, to attract money for outsiders; secondly, to minimise their losses should the predicted winner win.
Unlike the fraction examples given above, betting on a horse at evens does not mean that it has a 50% chance of winning. Remember that the bookie has set those prices.
The 'rake' for bookmakers - i.e. the amount of profit they expect on their takings - is around 25%. In other words, their payout percentage is around 75.
The advantage of bookies odds
The advantage with Bookies is that in most races the favourite will generally set off with odds better than 1 to 1. For example, in a race like the Grand National, the favourite - i.e. the horse most likely to win (in the bookies' opinions) - will often pay out at 9-1.
Casino games and sports betting are different propositions and the odds and payouts are calculated very differently. Remember that casino games have very few variables - the results always occur within predictable ranges.
With horse racing, lots of factors can affect the result; the weather or an illness to horse or jockey could have a major bearing on the outcome.
Successful sports betting
N I Bet Higher School
The key to successful sports betting is to understand that whereas casino betting is an exact science - a battle against long-term probability - betting on horses is far more random.
Bookies try their best to ensure they don't lose - and in the main they don't.
But those random factors will always throw up the opportunity for a good return on your bet. Successful punters know how to read the market and see where the odds don't quite match up to the likely outcome.
Fancy a flutter?
Now you know all about odds, why not try out your new-found skill with a little wager? To help you on your way, we've linked up with a few online bookies, all of which are happy to offer you FREE bets - up to £200 in some cases.
Check out the latest offers on our latest bookies promotions page.
N I Bet Higher One
How to get the best prices
N I Bet Higher Yield
Ante Post betting is betting in advance of the start of an event. Bookmakers are keen to price up major sporting events much earlier than the actual start date.
In the case of the Grand National, punters can bet on the race a year before it is due to be run. In fact, prices are available immediately after the race for the following year's race!
This is because bookies want to generate revenue as early as possible, by offering odds that would seem incredible on the day of the race. For example, Aurora's Encore (the 2013 Grand National winner) was available at over 200 to 1 just a few months before the race.
If you take your time to research the trainers, the horses and the races, you can find excellent value by betting ante post.
The best ante post bookmaker
Leading the way in ante post betting is betfair. betfair are the first to put up ante post prices for major events and offer very competitive odds.
As they have a strong focus on Horse Racing and Greyhound Racing, they can cover 14 countries worldwide, including the USA and Canada.
For the best in ante post betting, check out betfair.
How to get the best horse racing odds - guaranteed
N I Bet Higher Iq
Best odds guaranteed (BOG) offers have been around for a while now. At the start, only a few bookies offered them, but everyone's doing it these days!
So to stand out from the pack, Ladbrokes are now offering BOG PLUS.
The 'standard' BOG guarantee applies to both early morning and board prices, so if you can find yourself a winner, the bookmaker will allow you to maximise your profits.
If you take either an early morning price or a board price (ie the price showing at the time you put your bet on), then you will get that price at the very least. Sometimes horse prices decrease and sometimes they increase, but with this offer, you get the best of both worlds. If you bet at 3 to 1, in the morning or off the board, and the odds decrease to 2 to 1, then you will still be paid out at 3 to 1. Alternatively, if the odds increase to 5 to 1, then you will be paid out at 5 to 1. Guaranteed! It's a great offer for both novice and experienced punters.
With the BOG Plus offers, the bookies don't just pay out the Starting Price (SP) if your horse drifts out after you've placed your bets, they add an additional enhancement on top. For example, if you place a bet at 3/1 and the SP is 7/2. they'll pay you out at 4/1. If if drifts to 4/1, you get 9/2!