Wager Mage
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What does a 9 4 bet mean?

9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. In spoken form this is “Four-to-one on”.

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There are two ways odds – or prices – are displayed at racecourses in Britain: the traditional fractional system or the more recently introduced decimal system.

Fractional odds:

These are usually displayed in this format: 4/1.

In spoken form this is “Four-to-one” and sometimes this can be written as: 4-1. Odds are just maths. To illustrate some examples, let’s call each number a unit. So: 4/1: For every 1 unit you stake, you will receive 4 units if you win (plus your stake). 7/2: For every 2 units you stake, you will receive 7 units if you win (plus your stake). 9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race.

In spoken form this is “Four-to-one on”.

1/4: For every 4 units you stake, you will receive 1 unit if you win (plus your stake). 1/2: For every 2 units you stake, you will receive 1 unit if you win (plus your stake). Sometimes you will see Evens or EVS displayed. This is the equivalent of a 1/1 fraction. Again it means the horse in question is expected to win the race. EVS: For every 1 unit you stake, you will receive 1 unit if you win (plus your stake).

Decimal odds:

These are usually displayed in this format: 5.00.

5.00: Simply multiply this number by your stake to calculate your total potential returns if you are placing a win bet. Unlike fractional odds, your stake is already factored into this price i.e. this is the equivalent of 4/1 plus the 1 unit you stake.

Favourites:

Each race has a favourite. This is the horse most likely to win, which is reflected in having the shortest price displayed with betting operators. You will see an F alongside the horse’s odds when they are the favourite. If more than one horse has the same odds of winning according to the betting market, this will be displayed as JF, meaning joint-favourite.

What about odds when betting each-way?

Racecourse bookmakers operating at Jockey Club Racecourses must meet (or exceed in the customer’s favour) a standard set of terms if you decide to place an each-way bet. You will appreciate it is not affordable for bookmakers to pay out on all four places in a four runner race (!) so these agreed terms concerning place part of your each-way bet have to vary dependent on the number of runners and type of race. These are: • Races with 3 or runners: win bets only, unless the bookmaker chooses to offer 1/5 (one fifth) of the stated odds for finishing 1st or 2nd • Races with 3 or 4 runners: 1/5 (one fifth) of the stated odds for finishing 1st or 2nd • Races with 5 to 7 runners (inclusive): 1/4 (one quarter) odds for finishing 1st or 2nd • Races with 8 or more runners: 1/5 odds for finishing 1st, 2nd or 3rd • Handicap races with 12 to 15 runners (inclusive): 1/4 odds for finishing 1st, 2nd or 3rd • Handicap races with 16 to 21 runners (inclusive): 1/5 odds for finishing 1st, 2nd, 3rd or 4th • Handicap races with 22 or more runners: 1/4 odds for finishing 1st, 2nd, 3rd and 4th

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What does over 9.5 mean in baseball?

If you want to bet on the over in the game, you will simply select the over 9.5 -110 option. This means that for you to win your bet, there must be 10 or more runs scored by both teams combined. Extra innings are included. If you wanted to bet on the 'under', you would select 'under 9.5 -110.

In terms of MLB over/under betting let’s look at an example to help you understand how the lines are set, how the odds work and what the potential payout could be when betting on the over/under betting. If we are looking to wager on the game between Miami Marlins and St Louis Cardinals, sportsbooks will put out odds of both teams and then they will offer up a total number of runs that has been set out by their super computers. It will be up to you to determine which side of the number you are going to bet on. This example means that Miami is the designated favorite with odds of -130 and St Louis is the underdog at +100 Team Moneyline Over/Under Miami Marlins -130 Over 9.5 -110 St Louis Cardinals +100 Under 9.5 -110 Since we are focusing on the over/under (also known as the MLB Total), we can see that sportsbook have set the total at 9.5 runs with equal odds of -110. Like all MLB odds, MLB total betting odds always relates to bets of $100. This means that if we wanted to take the ‘over’ 9.5 runs on the baseball total, we would bet $100 to return $190 ($100 original stake + $90 profit). If we want to bet the under, then we it would return the same amount. Of course, this is simply an example and you don't have to bet $100, you can bet any amount you want.

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