What do 30 1 odds pay?

On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31. On a machine that pays 31-for-1, the machine keeps your bet when you make it, but pays 31 units on a win — still a total of 31 on your side after a win.

tunicatravel.com - Gaming Odds Explained: 30 To 1 vs. 31 For 1 - Tunica

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Gaming Odds Explained: 30 To 1 vs. 31 For 1

By John Grochowski on Thursday March 22, 2018

A craps player wrote to me recently to say he’d found an automated game that looked like it had better odds than he found at table games. “Instead of 30-1 on 2 or 12, it pays 31-1 and instead of 15-1 on 3 or 11 it pays 16-1,” he wrote. “Hardways pay 10-1 and 8-1 instead of 9-1 and 7-1.” I told him he needed to check the machine again. It was likely the machine was paying odds-for-1 instead of odds-to-1, and that the payoffs he was seeing were just normal returns expressed in a different way. It’s common for machine games to pay odds-for-1 because the game has already taken your bet before the roll takes place. On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31. On a machine that pays 31-for-1, the machine keeps your bet when you make it, but pays 31 units on a win — still a total of 31 on your side after a win. So 31-for-1 is the same as 30-to-1, 16-for-1 is the same as 15-to-1, 10-for-1 is the same as 9-to-1, and so on.

What if the game really was paying 31-1 on 12, and not 31-for-1?

With the standard 30-1 you’d get at most craps tables, bets on 2, 12 or hard hop bets give the house a 13.89 percent edge. If the payoff is 31-1, the edge drops only to 11.11 percent. True odds are 35-1, so there’s a long way to go from 30-1 before these become viable bets.

What about the hardway payoffs the reader described?

When your payoff is 9-1 on hard 6 or 8, the house edge is 9.09 percent, and when you’re paid 7-1 on hard 4 or 10, the house edge is 11.1 percent. If the pays were increased to 10-1 and 8-1. they’d match the true odds of winning these bets. The house edge would be zero. That reinforces the likelihood the game is paying in odds-for-1. Any time the odds paid on a machine version of a table game look higher than the table version, check to see if the payoffs are for-1.

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What does a team minus 7 mean?

As an example, let's say the New Orleans Saints (+7) are playing the Los Angeles Rams (-7). In this case, the Rams are the favorite to win the game. If you bet on them, they have to win by more than seven points. If you bet on the Saints, the wager will win if they come within seven points.

americangambler.com - What does +7 and -7 mean in a NFL bet? - American Gambler

If you are placing an NFL bet, one of the ways to do so is on the spread. An NFL point spread indicates how much the favorite has to win by and the margin of error for the underdog. The favorite to win the game will have a plus number, while the underdog will have a minus. Contrary to a moneyline bet, the favorite has to cover the spread in order to win the bet. If you bet on the underdog, they just have to come within the point spread. As an example, let's say the New Orleans Saints (+7) are playing the Los Angeles Rams (-7). In this case, the Rams are the favorite to win the game. If you bet on them, they have to win by more than seven points. If you bet on the Saints, the wager will win if they come within seven points. Betting on an NFL point spread means it doesn't matter who wins the game. It's all about the spread. In the example, if the Saints lose by 6 or if they win by 10, the wager will be a winner and pay exactly the same. When looking at the NFL best bonuses for the spreads, both teams will be similar. Spread bets are typically around -110.

Why do point spreads use half points?

If an NFL point spread doesn't use half points, like -7, there is a chance for a push. So if you bet on the Saints in the above example and they lose by seven, the bet would push and you would get your money back. If half points are involved, then there won't be any pushes. Every wager made will either win or lose.

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