Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. As an example, with odds of 4/1, for every £1 you bet, you will win £4. There is a 20% chance of this happening, calculated by 1 / (4 + 1) = 0.20. A brief explanation is laid out in the table below. The purpose is to show how much, in total, your outlay would be if you were using £10 stakes, for example, on a bet.
- Sports Betting Numbers Explained
- Betting Spreads Explained
- Betting Stakes Explained Game
- Betting Stakes Explained Poker
Contents
- Types
What is an Up-and-Down Bet?
The Up-and-Down is a two part bet that is conditional on there being sufficient winnings from the first part to fund the second.
Sports Betting Numbers Explained
The Up-and-Down is described as an any-to-come if-cash bet, meaning that each part only proceeds if-cash is left from the previous part. Consisting of 2 bets, each with two parts as outlined below.
- Bet 1:
- Part 1: Bet on selection 1.
- Part 2: Bet on selection 2 if sufficient cash left from part 1.
- Bet 2:
- Part 1: Bet on selection 2.
- Part 2: Bet on selection 1 if sufficient cash left from part 1.
Types
There are two primary styles of Up-And-Down, differing on the amount staked on 'Part 2' of each bet.
Single Stakes About (SSA)
Single stakes about refers to the size of the stake on the second part of the wager being the same as the original stake if there is enough cash available. If there is insufficient cash the remaining, whatever is left will be used as the stake for Part 2.
Double Stakes About (DSA)
When sufficient winnings are available from 'Part 1', the stake on 'Part 2' will be double the original stake. The full double stake will not be available if the odds of 'Part 1' are evens or less. In this case whatever is left will be used for 'Part 2'.
Last Update: 6th August 2019
Also See
Round robin bet calculator - An online betting tool that calculates returns for round robins. An if-cash wager that is a popular choice for horse race events.
Single stakes about calculator - Use this free odds calculator to work out returns for the if-cash SSA bet.
Double stakes about calculator - Calculate the payout of this 2 selection if-cash DSA wager by entering your odds and details.
Betting Spreads Explained
© Provided by CBS SportsAh, the Preakness Stakes -- one of the most celebrated and anticipated horse racing events of the year. This year -- one flipped upside down because of the coronavirus pandemic -- is no different.
Those who don't often participate in betting on the ponies may not understand all the excitement, but it's never too late to get in on the action. If you aren't exactly sure how it all works, don't you worry -- we're here to help you get up to speed. If you don't particularly understand the process or the terminology of betting (we know it can be a bit confusing), we've got you covered with a handy cheat sheet.
An important disclaimer, though: Knowing the terminology doesn't guarantee you success in your wagers. Sometimes, ignorance is bliss .. and profitable.
Anyway, here's a rundown of the terms you'll want to be familiar with:
BET TO WIN: Well, this one is pretty self-explanatory. You're betting on a horse to win the race.
BET TO PLACE: You're betting on a horse to finish either 1st or 2nd in the race.
BET TO SHOW: You're betting on a horse to finish either 1st, 2nd or 3rd in the race. 100 free spins online slots.
EXACTA: You're betting on both the 1st and 2nd place finishers in a race.
TRIFECTA: You're betting on the 1st, 2nd and 3rd place finishers in a race.
SUPERFECTA: You're betting on the 1st, 2nd, 3rd, and 4th place finishers in a race.
DAILY DOUBLE: You're betting on the winners of two separate races.
PICK 3: You're betting on the winners of three consecutive races.
PICK 4: You're betting on the winners of four consecutive races.
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PICK 5: You're betting on the winners of five consecutive races.
PICK 6: You're betting on the winners of six consecutive races.
Betting Stakes Explained Game
There are two primary styles of Up-And-Down, differing on the amount staked on 'Part 2' of each bet.
Single Stakes About (SSA)
Single stakes about refers to the size of the stake on the second part of the wager being the same as the original stake if there is enough cash available. If there is insufficient cash the remaining, whatever is left will be used as the stake for Part 2.
Double Stakes About (DSA)
When sufficient winnings are available from 'Part 1', the stake on 'Part 2' will be double the original stake. The full double stake will not be available if the odds of 'Part 1' are evens or less. In this case whatever is left will be used for 'Part 2'.
Last Update: 6th August 2019
Also See
Round robin bet calculator - An online betting tool that calculates returns for round robins. An if-cash wager that is a popular choice for horse race events.
Single stakes about calculator - Use this free odds calculator to work out returns for the if-cash SSA bet.
Double stakes about calculator - Calculate the payout of this 2 selection if-cash DSA wager by entering your odds and details.
Betting Spreads Explained
© Provided by CBS SportsAh, the Preakness Stakes -- one of the most celebrated and anticipated horse racing events of the year. This year -- one flipped upside down because of the coronavirus pandemic -- is no different.
Those who don't often participate in betting on the ponies may not understand all the excitement, but it's never too late to get in on the action. If you aren't exactly sure how it all works, don't you worry -- we're here to help you get up to speed. If you don't particularly understand the process or the terminology of betting (we know it can be a bit confusing), we've got you covered with a handy cheat sheet.
An important disclaimer, though: Knowing the terminology doesn't guarantee you success in your wagers. Sometimes, ignorance is bliss .. and profitable.
Anyway, here's a rundown of the terms you'll want to be familiar with:
BET TO WIN: Well, this one is pretty self-explanatory. You're betting on a horse to win the race.
BET TO PLACE: You're betting on a horse to finish either 1st or 2nd in the race.
BET TO SHOW: You're betting on a horse to finish either 1st, 2nd or 3rd in the race. 100 free spins online slots.
EXACTA: You're betting on both the 1st and 2nd place finishers in a race.
TRIFECTA: You're betting on the 1st, 2nd and 3rd place finishers in a race.
SUPERFECTA: You're betting on the 1st, 2nd, 3rd, and 4th place finishers in a race.
DAILY DOUBLE: You're betting on the winners of two separate races.
PICK 3: You're betting on the winners of three consecutive races.
PICK 4: You're betting on the winners of four consecutive races.
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PICK 5: You're betting on the winners of five consecutive races.
PICK 6: You're betting on the winners of six consecutive races.
Betting Stakes Explained Game
Betting Stakes Explained Poker
Obviously, some of those are more challenging endeavors than others so, as is always the case with gambling, play the odds at your own peril.
