Quote:
Originally Posted by Edrondol
1 to 1 means you double your money? Huh?
I have to agree with razorflowers - that's wrong. 1 to 1 means you bet 100 and win you get your 100 back and no more. 2 to 1 means that you bet 100 you get 200 if you win. Total.
Is there any way other than odds manipulation that we can get this corrected?
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This method is correct, you're just thinking about it all wrong. The original 100 stake is always yours unless you lose the bet, it is simply being held as assurance that you can meets you bets. You are risking 100 in order to possibly win 100.
The way odds work - think of 1 to 1 as meaning in order win 1, you must risk 1. 2 to 1 measn in oder to win 2, you must risk 2.
The bet you had at 7 to 10 meant in order to win 7, you must risk 10, that is why it paid 0.7 on 1.
For double, you would use odds of 2 to 1 - say for the toss of a coin.
Is this clear?