2/1 odds payout
If the odds of a team to win are 2-1, the payout odds will be the opposite: 1-2 (but actually a little less because of the juice, which is a tax on a.
Red / Black, Colour bet, 1:1, Even / Odd, 1:1, Low / High, 1-18 / 1:1, Dozen, 2:1.
Remember, your actual payoff may differ from this chart as the odds on the toteboard are rounded off, so 2-1 odds on the toteboard may actually be or. It's betting shorthand that explains the probabiliites surrounding a betting choice. Golden rules of gambling. Given odds in favor as the ratio W:L Wins:Lossesthe odds in favor as a number. Do you know of a simpler formula to use for someone who has never placed a bet before? Know that moneyline bets only concern what team will win the game.