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  2. Fixed-odds betting - Wikipedia

    en.wikipedia.org/wiki/Fixed-odds_betting

    If the moneyline is positive, it is divided by 100 and add 1. Thus, +400 moneyline is the same as 5.0 in decimal odds. If the moneyline is negative, 100 is divided by the absolute moneyline amount (the minus signed is removed), and then 1 is added. For example, −400 moneyline is 100/400 + 1, or 1.25, in decimal odds.

  3. Odds - Wikipedia

    en.wikipedia.org/wiki/Odds

    However in many situations, you pay the possible loss ("stake" or "wager") up front and, if you win, you are paid the net win plus you also get your stake returned. So wagering 2 at "3 to 2", pays out 3 + 2 = 5, which is called "5 for 2". When Moneyline odds are quoted as a positive number +X, it means that a wager pays X to 100.

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

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

    As with moneyline bets, a sports book could adjust the payouts if the bets come in too heavily on one side of a line bet. More likely, though, is that it will change the point spread.

  5. 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.

  6. 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.

  7. Sports betting - Wikipedia

    en.wikipedia.org/wiki/Sports_betting

    Moneyline bets do not have a spread or handicap, and require the chosen team to win the game outright. The favored team pays lower odds than does the underdog; thus, it acts mainly as an enticement to take the underdog for a better payout. Sometimes a bettor may couple this type of bet on the favored team to increase the payout of a parlay.

  8. What Are the Different Lottery Payouts and Which Is ... - AOL

    www.aol.com/different-lottery-payouts-smartest...

    Cash option: Federal income taxes are due as soon as you receive the cash payout. You might also move into a higher income tax bracket for the year, which could triple your tax rate. Depending on ...

  9. Vigorish - Wikipedia

    en.wikipedia.org/wiki/Vigorish

    Under proportional vigorish, a "fair odds" betting line of 2.00/2.00 [b] without vigorish would decrease the payouts of all outcomes equally, perhaps to 1.95/1.95, once it was added. More commonly though, disproportional vigorish will be applied as part of the efforts to keep the amounts wagered balanced, such as 1. 90 /2.00, making the outcome ...