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  2. Each-way - Wikipedia

    en.wikipedia.org/wiki/Each-way

    A £10 each-way single on a 10-1 selection in a horse race and paying 1 ⁄ 4 the odds a place 1, 2, or 3 would cost £20.. Returns on the win part of the bet would be £10 × (10/1 × 1) + stake = £110 (£100 winnings + £10 stake)

  3. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    This is to include the stake in the return. The place part of each-way bets is calculated separately from the win part; the method is identical but the odds are reduced by whatever the place factor is for the particular event (see Accumulator below for detailed example). All bets are taken as 'win' bets unless 'each-way' is specifically stated.

  4. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    Each-way: A combination of Win and Place. A $5 bet Each-way is a $5.00 bet to Win and a $5.00 bet to Place, for a total bet cost of $10. Exacta: The bettor must correctly pick the two runners which finish first and second. Quinella: The bettor must pick the two runners which finish first and second, but need not specify which will finish first.

  5. Glossary of bets offered by UK bookmakers - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_bets_offered...

    This is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom.The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed-odds betting on football matches some punters use these traditional combination bets for football selections as well.

  6. Parlay - Wikipedia

    en.wikipedia.org/wiki/Parlay

    A parlay, accumulator (or acca), combo bet, or multi is a single bet that links together two or more individual wagers, usually seen in sports betting. Winning the parlay is dependent on all of those wagers winning together. If any of the bets in the parlay lose, the entire parlay loses.

  7. Running total - Wikipedia

    en.wikipedia.org/wiki/Running_total

    In fact, we would not even need to know the sequence at all, but simply add 6 to 18 to get the new running total; as each new number is added, we get a new running total. The same method will also work with subtraction, but in that case it is not strictly speaking a total (which implies summation) but a running difference; not to be confused ...

  8. Stepped reckoner - Wikipedia

    en.wikipedia.org/wiki/Stepped_reckoner

    The above two steps are repeated for each multiplier digit. At the end, the result appears in the accumulator windows. In this way, the operand can be multiplied by as large a number as desired, although the result is limited by the capacity of the accumulator. To divide by a multidigit divisor, this process is used:

  9. Independent Chip Model - Wikipedia

    en.wikipedia.org/wiki/Independent_Chip_Model

    When discussing a deal, how much money each player should get Such simulators rarely use an unmodified Malmuth-Harville model. In addition to the payout structure, a Malmuth-Harville ICM calculator would also require the chip counts of all players as input, [ 8 ] which may not always be available.