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  2. Odds, lines, payouts: A guide to Super Bowl betting lingo - AOL

    www.aol.com/news/odds-lines-payouts-guide-super...

    Here's a guide to the terms used by sports books and how to calculate payouts. ... For example, if the team is -200, the decimal would be 100/200, or .5, so a $10 bet would pay $10 plus $5. If the ...

  3. Odds - Wikipedia

    en.wikipedia.org/wiki/Odds

    To calculate decimal odds, you can use the equation Payout = Initial Wager × Decimal Value [12]. For example, if you bet €100 on Liverpool to beat Manchester City at 2.00 odds the payout, including your stake, would be €200 (€100 × 2.00).

  4. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    Fractional odds are written a − b (a/b or a to b), meaning a winning bettor will receive their money back plus a units for every b units they bet. Decimal odds are a single value, greater than 1, representing the amount to be paid out for each unit bet. For example, a bet of £40 at 6 − 4 (fractional odds) will pay out £40 + £60 = £100.

  5. Super Bowl Squares: How Much Are Your Numbers Worth? - AOL

    www.aol.com/news/2013-02-01-super-bowl-squares...

    The numbers are based on a $50 a square game, with a $625 payout for the 1st and 3rd quarters, a $1,250 payout for halftime, and a $2,500 payout for the end of the game.

  6. Parlay - Wikipedia

    en.wikipedia.org/wiki/Parlay

    Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common two-team NFL parlay based entirely on the spread generally has a payout of 2.64:1. In reality, however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1.

  7. Mega Millions calculator: Here's how much you'd win ... - AOL

    www.aol.com/mega-millions-calculator-heres-much...

    Mega Millions Payout Calculator. Omni. Mega Millions drawings are every Tuesday and Friday at 11 p.m. ET. Tickets are sold in 45 states, plus the District of Columbia and the U.S. Virgin Islands.

  8. Each-way - Wikipedia

    en.wikipedia.org/wiki/Each-way

    The odds paid on the place part of the bet are usually a fraction (commonly 1 ⁄ 2, 1 ⁄ 3, 1 ⁄ 4 or 1 ⁄ 5) of the win odds. The trade-off being that one has a greater chance of making one's bet in trade for getting less payoff for doing so. Examples are domestic football knockout competitions (e.g. FA Cup) where the quoted place terms ...

  9. Gambling mathematics - Wikipedia

    en.wikipedia.org/wiki/Gambling_mathematics

    The mathematics of gambling is a collection of probability applications encountered in games of chance and can get included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, and it is possible to calculate by using the properties of probability on a finite space of possibilities.