station casinos sports bet odds calculator

Regardless of the type (which we will dive into later) all of these figures are just fancy ways of representing the probability of an outcome.įor instance, fractional odds of 5/1 imply a lower chance of success than odds of 1/5.Īre you with me so far? Good! What Is Probability? These are decimal odds, fractional odds, or American odds aka moneyline odds. When you start running in casino circles, you will most likely run into the 3 main types of odds. Let’s dive in!- The Basic: What Are Betting Odds?īetting odds are the bedrock of the gambling world, acting as indicators of an event’s likelihood and potential returns. So buckle up, and let’s roll into your next winning bet! Even if numbers aren’t your jam, you’re covered! From the nitty-gritty of odds to using a betting odds calculator, we’ve got your back. We’ve put together a guide that outlines all of our expert advice, breaking down betting odds into bite-sized, easy-to-digest pieces. Think of us as your betting buddies, here to steer you through the odds labyrinth. I previously thought and have said many times that as long as there was one leg in a parlay that wasn't -110, then it forced the type of calculation I did above and is seen at both the calculators linked to.Do you feel overwhelmed trying to read or interpret betting odds when all you want to do is bet on your favourite sporting team? Our expert team is here to help. So what is clearly going on here is they are going to the parlay table for the four -110 bets. I then checked our own sportsbook survey and see Wynn pays 10 to 1 on a four-team parlay (or 11 for one). Dividing that by the bet amount we get 11. My own parlay calculator comes up with the same number. He said that this parlay calculator at Vegas Insider came up with a win of $11,455.73. It did win and paid a win of $9435 (to collect $9735).

In case you can't see the image, the bet was for $300 and it needed a +195 and four -110 legs to win.

He showed me the following parlay ticket and asked how they derived the win. I ran into a fan, while I was betting props yesterday.

Station casinos sports bet odds calculator