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  2. Craps - Wikipedia

    en.wikipedia.org/wiki/Craps

    The combine payout is 3:1 on craps and 7:1 on 11 (yo). Another method of calculating the payout is to divide the total bet in half. The player would receive 7:1 minus half the total bet payout on half the total bet for craps and 15:1 minus half the total bet payout on half the total bet for 11 (yo).

  3. Gambling mathematics - Wikipedia

    en.wikipedia.org/wiki/Gambling_mathematics

    The average payout is (+$9−$10)/2 = −$0.50. The casino advantage in this case is $0.50 / $10 = 5% . In any kind of game in a casino, the casino has a certain advantage over the gamblers, and only in this way can the casino ensure that it will continue to open in the long run.

  4. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    E.g. £100 each-way fivefold accumulator with winners at Evens ( 1 ⁄ 4 odds a place), 11-8 ( 1 ⁄ 5 odds), 5-4 ( 1 ⁄ 4 odds), 1-2 (all up to win) and 3-1 ( 1 ⁄ 5 odds); total staked = £200 Note: 'All up to win' means there are insufficient participants in the event for place odds to be given (e.g. 4 or fewer runners in a horse race).

  5. 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 ...

  6. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    This leaves a remaining amount of $881.51. This remaining amount in the pool is now distributed to those who wagered on Outcome 4: $881.51 / $110.00 = 8.01 ≈ $8 payout for $1 wagered. This payout includes the $1 wagered plus an additional $7 profit. Thus, the odds on Outcome 4 are 7-to-1 (or, expressed as decimal odds, 8.01).

  7. Glossary of craps terms - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_craps_terms

    A roll of 7 when the point is On. All bets on Pass, Pass Odds, Come, Come Odds, Place bets, Buy bets, hard ways and any single roll bets not for a seven loses. All bets on Don't Pass, Don't Pass Odds, Don't Come, Don't Come Odds, Lay bets and any single roll bets for a seven wins. snake eyes A roll of 2 Steven A player who leans over the table ...

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  9. Keno - Wikipedia

    en.wikipedia.org/wiki/Keno

    Keno payouts are based on how many numbers the player chooses and how many of those numbers are "hit", multiplied by the proportion of the player's original wager to the "base rate" of the paytable. Typically, the more numbers a player chooses and the more numbers hit, the greater the payout, although some paytables pay for hitting a lesser ...