Anyone know how to work the odds of sports betting or even understand them. I am going to start a 'VBookie' but I have no freaking idea how to work it out.
Like for example;
lets say the odds are
Liverpool: 0.35
Man U: 1.35
If I put 100, 25, 500 on Liver pool and they are victorious. How much would I win.
Same question with Man U. Also is there some sort of formula?
Like for example;
lets say the odds are
Liverpool: 0.35
Man U: 1.35
If I put 100, 25, 500 on Liver pool and they are victorious. How much would I win.
Same question with Man U. Also is there some sort of formula?
