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This number is the ratio of the payout to the original stake. For instance, with odds of 2. Fractional or "UK format" odds. This represents the ratio of the profit not total payout from a successful bet to the stake. Moneyline or "US format" odds. These can be difficult to understand. Remember this subtle distinction! In moneyline odds, a simple "" no plus or minus represents an even bet - whatever money you stake, you'll earn as profit if you win.
The odds that bookmakers and casinos set aren't usually calculated from the mathematical probability that certain events will occur. Rather, they're carefully set so that, in the long run, the bookie or casino will make money, regardless of any short-term outcomes! Take this into account when making your bets - remember, eventually, the house always wins.
A standard roulette wheel has 38 numbers - 1 through 36, plus 0 and If you bet on one space let's say 11 , you have 1 : 37 odds of winning. However, the casino sets the payout odds at 35 : 1 - if the ball lands on 11, you'll win 35 times your original stake. Notice that the payout odds are slightly lower than the odds against you winning.
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