Published: 04.09.2022

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100-1 Betting Odds means that **out of 101 possible outcomes, the 100/1 odds are that there will be 100 of one kind of outcome and 1 of another kind of outcome**. The 100-1 odds calculation means for every 101 betting events your selection should win 1 time and on 100 occasions the selection will not win.

If the odds on a tennis player said +150, that means that for a $100 bet, you would win $150. Now, if there is a minus sign in front of the odds, that is the number that you would have to bet in order to win $100. For example, if a football team was -250, that means you'd have to bet $250 to win $100.

Free bets, as listed above, are the most straightforward bonus. You usually get a set amount of money to bet when you deposit and that money can't be redeemable for cash. For example, if you bet the free $5 and lose, that money is gone. **If you bet $5 and profit another $5, you'll be up $5 in real money.**

Very rare affects less than 1 in 10,000 people – ie risk is less than 0.01% (This includes isolated reports, or where the absolute risk is not known or can't be quantified. ... Answer.

Term | Numerical rate | Percentage rate |
---|---|---|

Uncommon | 1 in 100 – 1 in 1000 | 0.1% to 1% |

Rare | 1 in 1000 – 1 in 10,000 | 0.01% to 0.1% |

Very rare affects less than 1 in 10,000 people – ie risk is less than 0.01% (This includes isolated reports, or where the absolute risk is not known or can't be quantified. ... Answer.

Term | Numerical rate | Percentage rate |
---|---|---|

Uncommon | 1 in 100 – 1 in 1000 | 0.1% to 1% |

Rare | 1 in 1000 – 1 in 10,000 | 0.01% to 0.1% |

$6
This traditional bet basically combines the win bet, place bet and show bet on a single ticket. You will essentially have three different bets rolled into one selection. You also need to keep in mind that when you make a $2 across-the-board bet that you will need to pay a total of **$6** to cover your ticket.

Odds with a negative (-) symbol **indicate the betting favorite**. The number that follows the negative symbol (the odds) reveals how much to bet for every $100 you want to win. For example, as explained above, if the team you're betting has -110 odds, you need to wager $110 to win $100.

Available to new customers only. **Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 500 per cent of that amount in bet credits, up to a maximum of £50***. Once released, your bet credits will be held in your account balance and are non-withdrawable.

If you deposit between £5* and £10* you will receive five times that value in Free Bets, upon settlement of qualifying bets. For example, if you make a qualifying deposit of £5, you will be able to release £25 in Free Bets or **if you make a qualifying deposit of £10 or more**, you will be able to release £50 in Free Bets.

Available to new customers only. **Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 500 per cent of that amount in bet credits, up to a maximum of £50***. Once released, your bet credits will be held in your account balance and are non-withdrawable.

Place / show each way
If you place a $10 each-way bet with a place and show bet, **you will end up paying $20 ($10 is allocated to the place bet, while another $10 is allocated to the show bet)**. Your selected horse merely needs to finish second to win both bets or finish in third to win half of your bet.

**(Probability of Winning) x (Amount Won per Bet) – (Probability of Losing) x (Amount Lost per Bet)**

- Find the decimal odds for each outcome (win, lose, draw)
- Calculate the potential winnings for each outcome by multiplying your stake by the decimal, and then subtract the stake.

For favored bets, the bet odds will start with a negative number and they tell you how much you need to bet to win $100. If the odds are -110, a common number for a bet involving a spread, you would need to bet $110 to win $100. If your odds are -200, you would need to bet **$200 to win $100**.

Very rare affects less than 1 in 10,000 people – ie risk is less than 0.01% (This includes isolated reports, or where the absolute risk is not known or can't be quantified. ... Answer.

Term | Numerical rate | Percentage rate |
---|---|---|

Uncommon | 1 in 100 – 1 in 1000 | 0.1% to 1% |

Rare | 1 in 1000 – 1 in 10,000 | 0.01% to 0.1% |

$6
This traditional bet basically combines the win bet, place bet and show bet on a single ticket. You will essentially have three different bets rolled into one selection. You also need to keep in mind that when you make a $2 across-the-board bet that you will need to pay a total of **$6** to cover your ticket.

Free bets, as listed above, are the most straightforward bonus. You usually get a set amount of money to bet when you deposit and that **money can't be redeemable for cash**. For example, if you bet the free $5 and lose, that money is gone. If you bet $5 and profit another $5, you'll be up $5 in real money.

By betting on the spread, you wager on whether you think that Team 1 will win by more than 8.5 points (so 9 points or more). Conversely, if you wanted to bet on Team 2 +8.5, **you are wagering that Team 2 will either win or only lose by fewer than 8.5 points** (so 8 points or fewer).

A +1 in sports betting is **a type of handicap or point spread for a team or individual in a matchup**. This is a bet on a win for a particular side, with some adjustments to make it a little more even. The handicap adds on to the final total. A team that is getting +1 is a small underdog against an opponent.

Free bets, as listed above, are the most straightforward bonus. You usually get a set amount of money to bet when you deposit and that **money can't be redeemable for cash**. For example, if you bet the free $5 and lose, that money is gone. If you bet $5 and profit another $5, you'll be up $5 in real money.

A bet on the Royals -1.5 means **the Royals would have to win the game by two runs or more for the bet to win**. If the Royals win 7-6, the bet loses. The team with the negative number after their name on a runline (favorite) has to win by more than that number for the bet to win.

In most instances, a spread is given **0.5 extra on both sides**. This is because sports like football and basketball do not have half points. By adding 0.5 extra, like 5.5 or -7.5, you are ensuring that one team will always win in the end and there will never be a draw in a point spread wager.

This means that **the underdog must win outright or lose by exactly one point to cover the spread**. Alternatively, a +1.5 spread means that the favorite must win by two points, runs, etc. or more. The +1.5 is the standard “run line” in MLB betting. Many baseball games are decided by fewer than two runs.

**Probability Rules**

- 1.) The Addition Rule: P(A or B) = P(A) + P(B) - P(A and B) ...
- 2.) The Multiplication Rule: P(A and B) = P(A) * P(B|A) or P(B) * P(A|B) ...
- 3.) The Complement Rule: P(not A) = 1 - P(A) ...
- Law of Total Probability: P(A) = P(A|B) * P(B) + P(A|not B) * P(not B)

Using $100 as a standard betting unit, **a bettor would have to wager the amount listed (i.e. -150) in order to win $100**. In this instance, a bettor would have to wager $150 to win $100. If the bet wins, the sportsbook would pay $250, which is the stake ($150) plus the win ($100).