Minus 500 Odds
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We can tell Portland has favoritism as the odds have a minus sign at the front.Any time a team has minus sign out front, the bettor knows they will be receiving less than a 2 – 1 payout figure. In fact in this case, to win $100 wagering on the Trail Blazers you would need to stake $128. US Racing odds for online horse betting. Bet horses with 300+ racetracks, up to a $500 Cash Bonus for new members, 8% daily rebates and fast payouts. Mobile phone betting, bet where and when you want. There are two instances of Moneyline odds: 'minus' moneylines and 'plus' moneylines. The first are 'minus' moneylines. This is expressed as for example, -120. But what does this mean exactly? Well, let's say bookmaker is offering odds of -120 for the Los Angeles Lakers to win a game. This is essentially saying that to win $100 you have to bet $120. All teams expected to win have a minus (-) sign in front of the odds, in the case of a money line wager. The money associated with the Jets is $500. So if you place a wager on the Jets at -500, this means that you are betting $500 that they will win. For every $500 you bet, you will win $100. Your take in this case would be $600, That’s, your original wager of $500 and your $100 win.
These are the latest Morning Line odds for almost all racetracks worldwide.
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Latest Horse Racing Odds
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How to Calculate Betting Odds and Payoffs
Betting on the outcome of horse racing can be fun and profitable and, if you know what you're doing, you might even be able to beat the odds.
The horse racing betting odds for each horse are displayed on a tote board at the track or on the betting ticket online. The basic information on the betting ticket window is the 'odds to win' for each horse. Although it won't tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have to bet to get it. For example, 3-5 odds means that for every $5.00 you wager, you'll win $3.00.
Payouts are determined by how much is in the total pool (all the money bet on all the horses to win) minus the 'take' which is usually between 14%-20% depending on the track. The take varies from state to state and the money is used to pay taxes, purse money for the horsemen, expenses at the track, and the track's profit.
Most tracks require a $2.00 minimum bet, here are the pay-offs for $2 win bets:
| ODDS | ODDS | Payout | ODDS | |
| 1-5 | $2.40 | 8-5 | 6-1 | $14.00 |
| 2-5 | 9-5 | $5.60 | 7-1 | |
| 1-2 | $3.00 | 2-1 | 8-1 | $18.00 |
| 3-5 | 5-2 | $7.00 | 9-1 | |
| 4-5 | $3.60 | 3-1 | 10-1 | $22.00 |
| 1-1 | 7-2 | $9.00 | 15-1 | |
| 6-5 | $4.40 | 4-1 | 20-1 | $42.00 |
| 7-5 | 9-2 | $11.00 | 30-1 | |
| 3-2 | $5.00 | 5-1 | 50-1 | $102.00 |
Calculator Use
Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert 'odds for winning' an event or 'odds against winning' an event into percentage chances of both winning and losing.
Be careful if you are using sports teams odds or betting odds. If you see that the Patriots super bowl odds are 9/2, that is most likely 'odds against' and should be entered in the calculator with 'Odds are: against winning.'
When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.'
Probability Formulas:
This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.
How Do Plus Minus Odds Work
Odds, are given as (chances for success) : (chances against success) or vice versa.
If odds are stated as an A to B chance of winning then the probability of winning is given as PW = A / (A + B) while the probability of losing is given as PL = B / (A + B).
For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get
Minus 500 Odds Ncaa Basketball
For 4 to 48 odds for winning;
Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%
'Odds for' winning: 1:12 (reduced from 4:48)
'Odds against' winning: 12:1 (reduced from 48:4)