[Edrondol]

Originally Posted by dartho

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?

I understood what you said the first time but didn't think that was right. So I went to a bunch of different bookie sites...and man am I wrong! If you bet $100 on 3-1 odds and you win you get back $400 ($300 in winnings plus your original stake of $100). I've been betting for YEARS and have never gotten this right!

So thanks for the clarification, for putting up with my utter wrongness and for a great mod!