Something I've never found out or understood regarding betting odds - 7/4 odds on favorite means what exactly ?
If something has been given the odds of 7/4 for occurring, or some teams odds of winning a game is 7/4, does that mean I have to place $4 bare minimum as my starting bet in order to get a chance of winning $7 and my initial $4 back ?
Odds such as 12/1 are straight forward to understand, I interpret that as 'for every dollar you bet on this horse, you get 12 dollars back plus your initial 1 dollar, should your horse win'.
so am I interpreting 7/4 correctly ?
- kswck2Lv 71 week ago
Simply put: Bet $4, get back $11. Seven dollars if your profit plus your $4 bet.
- Anonymous2 weeks ago
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- Coffee DrinkerLv 72 weeks ago
7/4 is the same as 1.75/1 but people generally hate decimals so they post the odds using whole numbers.
You can bet any amount within the minimum and maximum that are set by the casino, and if you win your prize will be computed to the exact penny using that 7/4 ratio (which is the same as saying 1.75 to 1).
- LegFuJohnsonLv 72 weeks ago
Same thing. For every dollar you bet, you get 12 back (plus your dollar)
So for every 4 dollars you bet, you get back 7.
But that's not a minimum. You can bet 2 and win 3.50. They don't want to post odds with decimal points.
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- 2 weeks ago
7:4 means you bet $4 to win $7 and get your stake back
7:4 on means you bet $7 to win $4 and get your stake back.