In sports betting the rule is usually 11 gets you 10. What this means is that if you bet $11 on a game and the game goes the way you are betting, you get your $11 back plus another $10
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What this means is that if you bet $11 on a game and the game goes the way you are betting, you get your $11 back plus another $10.
What's interesting is that this isn't true in horse racing. The odds translate into the payoff, but you don't get your bet back. A winning bet on a horse that starts at 2:1 will net you $4 for a $2 bet, not $6. What's fun is that horses can actually start at 1:1 or worse odds. In that special case, rather than losing money, $2 bets are paid out at $2.10.
These may be artifacts of paramutual betting, as opposed to the odds-making of the bookie.
Sorry, it's not going to happenlordandreiJanuary 11 2006, 05:11:23 UTC
It has to be the surprise upset. This is Bettis' last year. He's got to get a ring before he retires. Sorry about the bracket... but I have to keep it in mind as a done deal :)
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What's interesting is that this isn't true in horse racing. The odds translate into the payoff, but you don't get your bet back. A winning bet on a horse that starts at 2:1 will net you $4 for a $2 bet, not $6. What's fun is that horses can actually start at 1:1 or worse odds. In that special case, rather than losing money, $2 bets are paid out at $2.10.
These may be artifacts of paramutual betting, as opposed to the odds-making of the bookie.
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Otherwise, it screws up all my brackets!
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