Canary Boy 0 Posted March 4, 2005 Hi all...I''m not a betting man but as you all know, I am a regualar on here and was amazed and the other post about the betting odds on us getting relegated.Can someone explain to me what ON means? 20 to 1 ON...so how much do you put down £20 or £1? And why isn''t it 20 to 1 OFF? Sorry, this is not a joke post but I really don''t understand it.I got the 6 to 1 win against Chelsea bit, if I put £1 down I get £6 back if we win right? Plus my £1 back.Hope I''m right...help! Share this post Link to post Share on other sites
Peter 0 Posted March 4, 2005 If you put a £1 on City to be relegated, and City are relegated at odds of say 10-1 on, you will get back the princely sum of 10p, plus your stake of £1. If 20-1 on as advised you get 5p plus stake.Odds againt multiply stake by the odds. 5-1. 5 x £1 plus £1 = £6.Odds on divide stake by the odds. 1-5. £1 divide by 5 i.e. 20p plus £1.Hope this clears up. Share this post Link to post Share on other sites
Thirsty Lizard 3,155 Posted March 4, 2005 Odds of 20/1 ON basically mean that something is extremely likely to happen. If you bet £20 and that thing happens you will only win £1. You put down £20 and get back a total of £21.As to why its called odds ON and not odds OFF I really don''t know. Another way of expressing odds of 20-1 ON is to say that its odds of 1 to 20. Odds of 20 to 1 AGAINST mean that something is quite unlikely to happen. If you bet £1 and that thing happens then you get back a total of £21.I hope that helps to make it clearer Canary Boy and hasn''t left you more confused. Share this post Link to post Share on other sites
Canary Boy 0 Posted March 4, 2005 Thanks Peter and Mr Rosario!It''s great to know you have friends on this board who can and will help you out.If I can be of any assistence in predicting for you, let me know...I am near the top of the Prediction League. Share this post Link to post Share on other sites
