Chevy Rock & Roll 400

[Demon]

Richmond Intl Raceway
Sat 7pm est

[devindavis410]

How much do you win if your driver wins it?

all the cash everyone's put down?:-/:smiley:

[odeezie]

How much do you win if your driver wins it?

all the cash everyone's put down?:-/:smiley:

Even odds

The terms 'even odds', 'even money' or simply 'Evens' imply that the payout will be 'one-for-one' or 'double-your-money'. Assuming there is no bookmaker’s fee or built-in profit margin, this means that the actual probability of winning is 50%. The term “better than even odds” looks at it from the perspective of a gambler rather than a statistician. If the odds are Evens (1-1), and you bet 10, you would win 10. If the gamble was paying 4-1 and the event occurred, you would make a profit of 40. So, it is better than Evens from the gambler’s perspective because it pays out more than one-for-one. If an event is more positively favored to occur than a 50-50 chance then the odds will be worse than Evens, and the bookmaker will pay out less than one-for-one.
In popular parlance surrounding uncertain events, the expression "better than even" usually implies a better than (greater than) 50% chance of the event occurring, which is exactly the opposite of the meaning of the expression when used in a gaming context.
The odds are a ratio of probabilities; an odds ratio is a ratio of odds, that is, a ratio of ratios of probabilities. Odds-ratios are often used in analysis of clinical trials. While they have useful mathematical properties, they can produce counter-intuitive results: in the example above an event with an 80% probability of occurring is four times more likely to happen than an event with a 20% probability, but the odds are actually 16 times higher on the less likely event (4-1 against) than on the more likely one (1-4, or 4-1 on).
The logarithm of the odds is the logit of the probability.


Also, here is a page about sports betting: Sports betting - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Sports_betting)

[Demon]

Race has been postponed until Sunday 1:00 pm est, accepting bets until then

From night race to day race this could shake things up

[devindavis410]

so if kyle busch wins
and lets just say i put down 35 bucks
id win 35 bucks x 4 = ?
or just win back those 35? gah sports betting is confusing

excuse me if i sound like a complete idiot