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What is a dirty each way bet?

Dirty/snide/thieving each way bets can be found in races were there is generally a strong favourite (usually odds on), and a second and maybe third favourite with only small chance of upsetting the market leaders but a very good chance of filling the places.

sbo.net - When to Bet Each Way? - The Complete Guide to EW Betting

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Principles Behind Each Way Betting

The each way terms are actually very important to determining whether an each way bet is a shrewd move. The number of runners plays a significant part in determining whether betting each way is the value option. Take for instance a 16 runner handicap, a race which pays 1/4th the odds each way for the first 4 places. These are races which favour the punter and fields that the bookmakers disdain.

Punters will often scream foul play when a 16 runner handicap mysteriously has a late withdrawal to reduce the terms from each way paying 4 places, to 3. Why is this important to the value aspect?

In a 16 runner race, all things being equal, the chance of any runner being successful is 16.00. Again, all runners have an equal chance of finishing in any position, so the chance of finishing 1st-4th is 4.00 (25%), 5-8th is 4.00 (25%) and so on. However, due to the race terms, punters are getting odds of 4.75 about what is in reality a 4.00 chance.

If we break this down to percentage chances of success:

3/1 = 25%

15/4 = 21%

The value edge for an each way bet in a 16 runner handicap, where there are 4 places paid and all runners have the same chance, is 4%. To emphasise the importance of the number of runners and terms further, let’s assume there are 15 runners and the place terms are now ¼ odds first 3 home. The odds of each horse winning the race are now 14/1 per runner, and the chance of a horse finishing in the top 3 is now 4/1 (as the horse has an equal chance of finishing 1-3rd, 4-6th, 7-9th, 10-12th, 13-15th). With each runner now having a 14/4 chance of placing, the percentages now look like this:

5.00 = 20%

4.50 = 22.2%

Where there was a value edge of 4% in the 16 runner field, (we were getting paid out at the odds which suggested the chance of placing was 4.75 – 21%, when in fact they were 4.00 – 25%), in the 15 runner field we are giving up 2.2% in value, getting paid out at 4.50 for a bet that realistically has only a 20% chance of success.

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How much do I win with odds?

In order to calculate your potential payout you simply multiply your stakes (the amount of money you wagered) by the odds. For example, if you bet $100 on the Pistons beating the Knicks at 2.25 odds, your total potential payout would be $225 ($100 x 2.25).

sidelines.io - Sidelines Odds Calculator - Calculate Your Winnings

Moneyline bets are the easiest wagers of all. Simply put, it is betting on a specific team to win the game. As opposed to betting on a point spread (which takes into account who wins and by how much), the moneyline bet is ONLY about which team wins. As such, in each moneyline bet, there is a favorite and underdog. The odds for favorites are denoted by a negative (-) sign and the amount you need to bet in order to win $100. – To calculate your potential payout on a favorite, all you need to do is divide your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager / (Odds/100). On the other hand, underdog odds are represented by a positive (+) sign, and denote how much you can win by betting $100. – To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).

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$What is 1/12 as a fraction?$

What is 1/12 as a fraction?

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