Headliner wrote:Ok, so how do the odds work? I've never bet online before and am interested in doing so.
For instance,
Coey Hill -234
Justin Buchholz +214
Melvin -315
Dennis +285
What does that mean?
Say i bet 50 bucks on Corey and Melvin to win, how would i know the money i would get back?
I know the odds mean that you would have to lay $234 on Hill to win $100, and $100 on Buchholz to win $214 (plus your original bet in both cases of course).
A lot of sites I've seen will offer decimal odds, Pro Line style, which is what I'm most comfortable with. But if not, I think this is how you do it.
100/234 = 0.427 + 1 (original bet) = 1.427
1.427 * 50 = $71.37
So for $50 on Corey Hill you would win $71.37
For Melvin...
100/315 = 0.317 + 1 = 1.317
1.317 * 50 = $65.88
If you meant putting $50 on them to both win, like a parlay, I'm not sure, but it would make sense if you just multiply the odds.
1.427 * 1.317 * 50 = $93.97
I haven't seen parlays available for MMA though, but it would be nice if you could make them.