1. Betting Lines Payout
2. How To Figure Betting Odds Payout
3. Betting Odds Pay

Types of Craps Bets

Here is an odds payout chart for $2.00 win bets, plus free betting, parlay, margin and hedge calculators and current carryovers for all horse tracks. Sports Betting Odds Explained. To properly understand sports betting, you need to understand odds. They are an integral part of any sports wager, and they are used to determine whether a wager is worth making or not. The potential payout of any wager you place is calculated using a combination of the relevant odds and your stake. A parlay bet is a single wager that requires two or more outcomes to all win. The parlay calculator allows you to input your stake & odds in American formats to quickly calculate the payout for.

• You can read these horse racing odds as for every $1 you bet, you will receive $4 if you win (plus your original bet). Decimal: This type of odd is recently introduced to the industry and is more.
• Odds of +300 indicate that if you bet $100, you will win $400, the original amount of your bet plus the profit. In Summary: Betting Odds Explained. Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner.

This is the most powerful bet in all of craps. In order to play the free odds bet, you must have wagered on the pass line bet or the come bet. If the shooter has not rolled a craps number (2, 3, or 12) or a 7 or 11, then there must be a point number established (4, 5, 6, 8, 9, or 10). Once the point has been established, players can have access to the pass odds bet or come odds bet (also just known as free odds).

Players may wager on the free odds bet in multiples of their original pass/come bet amount. Most casinos allow multiples of 1x, 2x, or 3x. Casinos in Las Vegas for example will allow players to wager 10x, 50x and even 100x odds bets. The rule of thumb is this: The more money you bet on the odds bet, the lower the house edge becomes in your overall pass/come bet that you originally made.

The odds bet itself pays out true odds, meaning there is a 0% (yes zero) house edge. There is not a single game you will ever find at the casino that will offer no house edge. It is as if you are betting head or tails on the flip of a coin. This means totally fair odds. This bet wins when the shooter rolls the point number before a 7.

Remember, the number 7 is the most frequently rolled number. Then 6 and 8 are the next two frequent, followed by 9 and 5, then 4 and 10 with the least frequent of the point numbers. The 6 and 8 pay out 6:5 or $6 for every $5 wagered. 5 and 9 pay out 3:2. 4 and 10 pay out 2:1 odds. Note that these payouts are only for the odds bet. The original Pass/Come line bet will still be paid 1:1 if it wins.

I will explain the bet using the image below. First I made a pass line bet and the shooter rolled a 4 on the come out roll. The number 4 become the point number (noted by the puck that now says 'ON'). Then the dealer moved my chips up to that area of the layout and I made a 1x multiplier free odds bet (so there are two $88 chip stacks now), which gets placed right next to the chips that the dealer moved up there. I will win both bets if the dealer rolls another 4.

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

Betting Lines Payout

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

How To Figure Betting Odds Payout

Betting Odds Pay

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).