30th May 2005, 06:05 PM
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Member
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Join Date: Jan 2005
Posts: 277
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Quote:
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Originally Posted by letmefly
Say NSW is paying $2.50 to win state of origin series and i put $100 on them do i recieve $250 or $150 or what ? Basically what i want to know is would i get $2.50 for every dollar and get my $100 dollars too or just get the $2.50 per dollar. I know this is probably th estupidest question but ive never betted before and i just wanted to know. Thanks
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It works out to be:
Odds x Stake = Return
Profit = Return - Stake
So $100 Stake x $2.50 odds = $250 Return
So if NSW won you're profit would be $250 return - $100 stake which equals $150 profit |