What does 160 odds mean?
Is the odds ratio positive or negative?
Positive odds ratios indicate that the event is more likely to occur, whilst negative odd ratios indicate the event is less likely to occur.
2024-02-19 03:18:38
What does minus 160 odds mean?
A $100 bet on a team at +1200 means a payout of $1,200 if successful. What does “minus 160” means: It's the same as -160 and refers to a modest moneyline favorite. To win $100 on a -160 favorite, you would need to risk $160.
2024-01-21 12:01:06
What is the formula for calculating odds?
Odds = Probability / (1-probability). Odds ratio (OR) = ratio of odds of event occurring in exposed vs. unexposed group.
2024-01-07 12:34:16
What does 72 odds mean in horse racing?
It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return.
2023-11-25 12:41:31
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