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  2. Toto (lottery) - Wikipedia

    en.wikipedia.org/wiki/Toto_(lottery)

    The computer randomly selects 6 numbers from 1 to 49 for the buyer. No bet slip is required for QuickPick bets. Ordinary Bet The buyer selects 6 numbers from 1 to 49 by marking them on a bet slip. System Bet The buyer selects 7 to 12 numbers from 1 to 49 by marking on a bet slip. For example, a System 9 bet is a selection of 9 numbers. System Roll

  3. Lottery mathematics - Wikipedia

    en.wikipedia.org/wiki/Lottery_mathematics

    Where more than 1 powerball is drawn from a separate pool of balls to the main lottery (for example, in the EuroMillions game), the odds of the different possible powerball matching scores are calculated using the method shown in the "other scores" section above (in other words, the powerballs are like a mini-lottery in their own right), and ...

  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. Card counting - Wikipedia

    en.wikipedia.org/wiki/Card_counting

    Bet variation. The simplest way a card counter makes money is to bet more when they have an edge. While playing back the tapes of a recent session of play, the software can generate a scatter plot of the amount bet versus the count at the time the bet was made and find the trendline that best fits the scattered points.

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  7. Oscar's grind - Wikipedia

    en.wikipedia.org/wiki/Oscar's_grind

    Oscar's Grind divides the entire gambling event into sessions. A session is a sequence of consecutive wagers made until 1 unit of profit is won. [2] Each session begins by betting 1 unit, and ends by winning 1 unit of profit.

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  9. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    A $5 bet Each-way is a $5.00 bet to Win and a $5.00 bet to Place, for a total bet cost of $10. Exacta: The bettor must correctly pick the two runners which finish first and second. Quinella: The bettor must pick the two runners which finish first and second, but need not specify which will finish first.

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