Wager Mage
Photo: Norma Mortenson
Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $9.00 (4.50 x 1 x $2) + your original bet of $2 – for a total of $11.
2 to 1 Implied Probability The 2-1 betting odds probability is a 66.67 per cent probability of a particular outcome and 33.34 per cent probability...
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Read More »ODDS PAYS ODDS PAYS 1-10 2.20 7-2 9.00 1-5 2.40 4-1 10.00 2-5 2.80 9-2 11.00 1-2 3.00 5-1 12.00 3-5 3.20 6-1 14.00 4-5 3.60 7-1 16.00 1-1 4.00 "even money" 8-1 18.00 6-5 4.40 9-1 20.00 7-5 4.80 10-1 22.00 3-2 5.00 12-1 26.00 8-5 5.20 15-1 32.00 9-5 5.60 20-1 42.00 2-1 6.00 50-1 102.00 5-2 7.00 60-1 122.00 3-1 8.00 99-1 200.00 The odds listed in the race program are the “morning line” odds. These are the odds placed on the horses by the track’s handicapper when the race program is published, before the wagering starts. At the track, the odds will be posted on the tote board before the race; they change up until post time, depending on how customers are betting on each horse in the race.The horse that customers have bet the most money on is called the "favourite". This horse will have the lowest odds.The "longshots" have the least amount of money wagered on them and therefore have the highest odds. The racetrack handles the money, keeps a percentage (called a “take-out”) and calculates the horses' odds based on the amount of money wagered on each horse. The remaining money is then paid back to the players who have winning tickets.Win odds on the tote board are displayed based on $1.00 unless otherwise noted. A "3" displayed next to a horse's number indicates that the horse is 3-1. An example of an exception to this general rule is when "5/2" is shown. The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $2 – for a total of $12.Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $9.00 (4.50 x 1 x $2) + your original bet of $2 – for a total of $11.Generally, payoffs are as follows, based on a $2 wager:
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Read More »Golf fans are the happiest of any sports fans, according to one new study.
Why golf fans are happier than any other sports fans, according to a new survey Golf fans are the happiest of any sports fans, according to one new study. A survey of 6,530 sports fans worldwide by UK-based golf equipment superstore Golfsupport conducted an analysis of their fan satisfaction rating, YouTube video like-to-dislike ratio and social media engagement — and golf came out on top. To conduct the survey, Golfsupport asked fans how happy they are on a scale of 1 to 10 with their sport’s coverage accessibility, their fan experience, the cost of supporting their sport, their enjoyment while playing, their role models in the sport, their enjoyment spectating, their enthusiasm regarding their sport’s merchandise, the chairmen or presidents of their sport, the complexity of their sport’s rules and the sport’s sponsors. Additionally, Golfsupport calculated the average for the 10 most recent videos on each of the sports’ most subscribed and relevant YouTube channels to determine the like to dislike ratio, and then analyzed each sport’s main Instagram account’s engagement rate from fans. This data was converted this into a total score out of 10, and contributed to the total happiness score out of 100. With a total happiness score of 90.8/100, golf fans topped the list of ten sports. Golf fans also had the highest fan satisfaction rating, with 90.3. Other sports in the survey included tennis, baseball, basketball and football, with soccer fans coming in as the unhappiest of the bunch. Check out the chart to the left for the full results.
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