HC wrote:
not that understand odds at all
odds & betting aren't that complicated HC
all odds are given as factions ie 1/2, 4/5, 2/1, 10/1
the lower the 'odds'(or numbers if you like), the more likely something is to happen
if you look at the 3 current favourites in the betting to win Celebrity BB with Labrokes
you will see:
Kenzie 1/2
Brigitte 3/1
Bez 5/1
Kenzie is the lowest odds(or number), therefore the favourite
because the favourite is the lowest odds, you would win less money if you bet on Kenzie than you would on Bez.....because the bookmakers think Kenzie is far more likely to win
if you bet £10 on Kenzie to win at current odds of 1/2 you would win 1/2 x £10 which is £5
when you win a bet you always get your stake money back as well, so you win £5 plus your stake which is £10 - total: £15
if you bet £10 on Bez to win at current odds of 5/1 you would win 5/1 x £1O which is £50 plus your stake which is £10 - total: £60
err....hope that helps
