Sports Betting

Archive for the ‘Odds’ Category

• Betting odds slang

  Monday, February 9th, 2009

  Betting odds slang is a series of words used to describe particular common fractional odds. Evens – Levels, Scotch 2/1 – Bottle 3/1 – Carpet, Gimmel 4/1 – Rouf 5/1 – Hand 5/2 – Face 6/1 – X’s 7/1 – Nevs 8/1 – T.H. 9/1 – Enin 10/1 – Cockle, Net 11/10 – Tips 33/1 [...]

• Odds

  Thursday, February 5th, 2009

  In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. The logarithm of the odds is the logit of the probability.Odds have long been the standard way of representing probability used by [...]