General Betting
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If a team is, for example, 1.6 (decimal odds) to win a match, how would I work out what percentage chance these odds suggest they have to win? So if 1.6 is the true odds, what mathematical process would I use to turn this 1.6 into a percentage figure of how likely they are to win?
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Replies: 19
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1/1.6 |
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you serious? is it that simple?
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so in this example it would be 62.5%?
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thanks for your help
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Yep :)
1/2 = 50% for instance If you want to check a few, type in an imaginary bet (don't submit it obviously) and look at the "show % book" number at the bottom of the page. |
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thanks mate
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Avocado, may I ask 'how old are you ?'
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late twenties
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Without being in any way offensive, you seem a little naive about betting.
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Not really I just didnt know how to work out the percentages.
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I was judging from your other posts. Please don't be offended, it's all quite refreshing.
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I'm 400k down overall
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.
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luckily it's only monopoly money though
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good. Tread carefully in this betting jungle.
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I had a good end to the season, I've at least broken even from betting now I think.
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Good man, GL.
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Lori Joined: 31 May 10 14:55
Yep :) 1/2 = 50% for instance Evens is 50%. |
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2 is evens, so that works nicely.
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