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A bet of 100 units on any of the four combinations would produce a return of 100 × (3/1 + 1) = 400 units if successful, reflecting decimal odds of 4.0. The decimal odds of a multiple bet is often calculated by multiplying the decimal odds of the individual bets, the idea being that if the events are independent then the implied probability ...
Bookmaker B has the Jets as just a 2-point favorite. The advantage player may bet the Bills +4 with Book A and then the Jets -2 with Book B. If the Jets win by 3, the advantage player collects on both bets. If the Jets win by either 2 or 4, the advantage player collects on one winning bet and the other "push."
Wagers are placed based on possible combinations that can appear on the three dice. The possible wagers are usually fewer than the wagers that are possible in sic bo and, in that sense, chuck-a-luck can be considered to be a simpler game. In the simplest variant, bettors place stakes on a board with six numbered spaces, labelled 1 through 6 ...
Increasing the size of wager for each round per the martingale system only serves to increase the average loss. Suppose a gambler has a 63-unit gambling bankroll. The gambler might bet 1 unit on the first spin. On each loss, the bet is doubled. Thus, taking k as the number of preceding consecutive losses, the player will always bet 2 k units.
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.
A session is a sequence of consecutive wagers made until 1 unit of profit is won. [2] Each session begins by betting 1 unit, and ends by winning 1 unit of profit. If the gambler loses, the session continues and the bet is repeated. Each time the gambler wins the game following a lost game, the bet is increased by 1 unit.
A bar bet is a bet made between two patrons at a bar. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength.
Whichever horse wins in this example, the bookmaker will pay out $200 (including returning the winning stake)—but the punter has bet $210, hence making a loss of $10 on the race. However, if horse 4 was withdrawn and the bookmaker does not adjust the other odds, the implied probabilities would add up to 0.95.