Can someone help me out with a question about units?

Bank · Apr 18, 2011

Hey everyone, I am new to this so I am a little lost. I am having trouble calculating my units when I bet on baseball. To make it easy lets say I bet 10 dollars on every game. If I bet 10 dollars on a team that is +145 and they win then I have 1.45 units ($14.50), if they lose then I have -1 unit (-$10.00).
What I am having trouble figuring out is how many units I win if I bet on a favorite and the favorite wins. If I bet 10 dollars on a favorite who is -145 and they win, how do I know how many units I have won? I know it would be less than 1 unit but how do I figure it out? Is there a formula I can use? I fully realize the answer is probably very obvious but I just can't seem to figure it out. I have always been bad with math. If anyone could help me out with this I would greatly appreciate it. I tried googling it with no luck. Thanks.

fonsde · Apr 18, 2011

thats why i prefer decimal odds, anyway -145 means that u have to bet 1,45u to win 1, that is the deal

Bank · Apr 18, 2011

So if I bet 10 dollars (1 unit) on a -145 favorite and win, how many units would I have won?

heart222 · Apr 18, 2011

if your betng 10 to win then you lay 14.5 to win 10. if your rising ten then you shoul win around 7. when yoo bet on linyou can usually select either risk or bet and then the ods determiine what is what. hope this helps

Bank · Apr 18, 2011

Thanks, but I guess what I am looking for is a specific way to calculate units. If I risk 1 unit on a -145 or -210 favorite and win, how many units have I won? I feel like there is a mathematical equation that would be used to figure this out, I just don't know what it is.

Mlink · Apr 18, 2011

lets use 100 dollars for example if you bet 100 dollars on a -145 fav you win 68 dollars...so 10 dollars on a favorite at -145 would be 6.90 to win risking 10 dollars

if you bet on a favorite at -200 that is just half your bet...if you bet 200 dollars at a -200 line fav you win 100...if you bet 100 on a -200 fav you win 50

its always for example (-175) would be lay 175 dollars to win 100...in your case lay 10 dollars on a -175 would be 5.71

i dont know the exact mathematical equation sorry...

daboyzinblue · Apr 18, 2011

Is this fo reals?!? 1 divided by 1.45 = .69 so in other words u risk 1 to win .69 at -145 or.....how much wood would a woodchuck chuck if a woodchuck could chuck wood?

Mlink · Apr 18, 2011

there you go

Bank · Apr 18, 2011

Thanks!

BIGSHOTMAXXX · Apr 18, 2011

I know that my book calculates the would be winnings for you. Does the same for parlays. Before I actually place the bet, I type in what I am risking and the computer does the math for me... LOL.

Bank · Apr 18, 2011

LOL yea, my book does the calculations too, but I wanted to figure out the mathematical way to track units.

GGASU · Apr 18, 2011

Bank said:
LOL yea, my book does the calculations too, but I wanted to figure out the mathematical way to track units.

100/-odds * amount bet

So a -145 favorite at a 75 bet would be...

100/145 * 75

.69 * 75 = 51.75

Bank · Apr 18, 2011

Cool. Thanks.

HotRocks · Apr 18, 2011

If you wager online when you put the amount it in calculates it for you.

If you wager with a local then you'll have to figure it out with a calculator, which someone posted the formula earlier, it's all just simple math.

Can someone help me out with a question about units?

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