To use the Arbitrage Betting Calculator again, tap the “Reset” button. BetSlayer — For ‘Value For Money’ Arbing. These agents offer high maximum stake limits, high odds on important betting markets, and welcome arbitrage bettors as valuable customers. August 31, 2023: 6 new bookies added: Sisal. Examples of Betting the Middle. Hedging opportunities occur in two scenarios: 1. 50. Just follow the below instructions: Input the total stake you want to risk. If you are looking to place a horse racing accumulator, use a betting calculator available at almost all bookmakers to calculate the odds and potential. Required: Required: Optional: Optional: Optional: Optional: Optional. As a bettor you can be at times attracted to multiple selections in a market and quite simply, want to get around them all! This is common in horse racing as well as futures markets such as who will win the Superbowl or be the. If your selection places, that half of your each way bet is paid out at a fraction of the. Strong for in-play phone betting. Our multi bet calculator allows you to calculate the return for your multi bet with any number of selections. This gives both outcomes a win probability of 52. Horse racing is one of the world’s most popular sports to bet on. 7 day expiry. This is what creates the risk-free. TwinSpires – $200 deposit match. For example, if you have placed 50 bets and 25 of them have won, your strike rate is 50%. Below are form guides, head-to-head results and betting value guides for the Grand Final of the 2023 NRL season. 2. -. So you may see the odds as follows: Home: 2. In this situation, the home team has an implied probability of 40% to win, the away team has an implied probability of 33. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. 85. The majority of bookie scanners avoid building a tool for in-play because of several reasons. 7€ winningsPositive EV • $169 value. If you live in one of the states where legal horse betting is permitted, licensed racebooks like TVG, 4NJBets, and AmWager provide a similar experience with real horse races instead of virtual events. Many free arbitrage calculators are only capable to determining stakes for events with two or three possible outcomes. Most recommend that you use one bookmaker and one betting. Now divide the total return from your first bet by the decimal odds of the hedge bet. Let’s use an example: sportsbook X has team A at -125. Arbitrage Betting Calculator: Calculate how much you should bet on each side of an arbitrage opportunity to maximize your. The price available to bettors from bookmakers who operate trackside at horse or greyhound racing. You will often see this in the Racing Post, they provide a ’tissue price’ or betting forecast based on their estimation of chance, and this is usually seen at the bottom of the race card for each race. Parlay Calculator - Calculate the payout for your parlay bet. Other resources such as head-to. Learn More & Donate. The key to making a profit from an arbitrage bet is to. g. FairBot considerably enhances the services provided by. The Benefits Of Using Kelly Staking Progress and bank balance will not be a smooth upward slope, and will be interrupted by frequent drawbacks (losing runs) but by using the fractional Kelly approach, volatility is. 3. Even if your arb doesn’t vanish, you then have to rush through using a calculator on arbitrage betting sites to figure out your stakes,. A multibet (or multi for short), also known as a ' Parlay ' or ' Accumulator ', is a bet type that combines a series of single bets (also known as legs within a multi) into one bet. 56 of our £1000 bankroll on Manchester City -1 goal at odds of 1. Their subscription prices are the most affordable in this industry. The Odds Matcher is an invaluable. The first one is backing horse A to Win the race and will be profitable if the horse finishes in 1 st place. If you have a $300 bank for the game, you would divide that into 10 units. How to find arbitrage bets. Australian owned. 00 - 0. First, you have to divide your betting bankroll into units. The Arbitrage calculator has the capability of processing these details to provide you with calculations in a matter of seconds and alleviates the tedious work of making these calculations manually. If a horse is running at odds. An unbeatable betting experience. Users of OpenOffice should use the OpenOffice Calc version of the spreadsheet. 49 lay bet on Player A to win at odds of 1. Do not include any currency symbols. You get this easily when you insert 100 as a total stake in a sure bet stake calculator; Total stake/arb: you insert the average. You can have access to the following bookies: Pinnacle, Sbobet, Singbet, BetISN, MAXbet, 18bet, RedZone, Jabet, Betfair, Matchbook, Betdaq. 3rd = 10 points. In sports betting, a hedge bet is when you place a bet on the opposite outcome or your original bet. In the example below, the Chicago Bulls are facing the Cleveland Cavs in a NBA game: Cleveland are at odds of 1. Online Sportsbooks offer a large range of betting markets, such as which team is going to win or how many points are going to be scored in the game. Adds overround for the win and place markets on horse racing. 7. Use this convenient and powerful calculator developed by The Arb Academy to help you determine whether a value betting opportunity exists. BetBurger – Premium in-play sure bet finder. These events usually offer more room for. This Arbitrage 'Arb' Calculator works out for how much a current bet, or lay, can be matched so that no matter whom wins the event the user is guaranteed a fixed profit. Lay stake = ( back odds * back stake) / ( lay odds – lay commission) Lay stake for free bet if stake not returned. The second £10 wager backs horse A to Place or finish anywhere between 1 st or 3 rd. Not only does our Betting Calculator show you the implied probability. Make sure you’re always on the front foot with your betting. odds, the return can be determined by multiplying the odds and the bet. Every day hundreds of Sure Bets occur. Arbitrage Betting Formula. Therefore, the first rule of the mathematical system for race horse betting is to eliminate short priced horses as betting choices. Expected value calculation. Hedging Calculator. Smarkets arbitrage calculator. Determine whether an arbitrage. 49 bet on Player 2 with Bookmaker A. In the example below, the Chicago Bulls are facing the Cleveland Cavs in a NBA game: Cleveland are at odds of 1. And the whole thing apparently without any risk. Arbitrage Calculator; 2 Way Surebet Calculator; 3 Way Surebet Calculator; 4 Way Surebet Calculator; Sports. A fantasy sports service with numerous daily contests. A bettor has the opportunity to secure a guaranteed profit by employing the “Back high, Lay. ; Click ‘Apply FIlter’ and it’ll instantly show you where a Bookmaker is offering better odds than a betting exchange right now. The “fair” win probability for the above example is that Ohio State should win the game 62. Method 2: Find Arbitrage Bets With Free Software. What this arb finder represents is excellent value for money — offering both mobile & desktop compatibility, 32+ bookmakers, and on-going support. Hedging Calculator. TVG – $200 in bonus bets if your first bet loses. Lay stake = ( back odds – 1) / ( lay odds – lay commission) * free bet value. For example, if you bet on the Yankees to win, a hedge bet would be on the Yankees to lose. Compare how different outcomes on each selection might affect your profits before placing your bet. Now, when you already know how to find an arbitrage situation, it is time to start wagering. Woodbine 3. However, our arbing calculator allows for an unlimited number of outcomes meaning that you can use it to determine the ideal stakes for any sport such as football, tennis, golf or horse racing. So, it gives an overall implied probability of 106. 2. A 3/5 favorite is equal to -167 in American odds and 1. Follow these steps to determine your optimal bet stake using the Kelly Criterion:1. Automatically calculate stakes for all bets. You can be the world’s worst handicapper and still win through arbing. For example, if bookmaker has 10. Enter the approximate combined total stakes (for all bets) you would like to wager on this arb. Most tips are posted on the day of the event. Horse Racing; Greyhounds; Football;. This sports arbitrage betting calculator is one of the most comprehensive, detailed arb calculators available. There must be some kind of catch, some reason why the claims are not true. 95% = 86. 00 * 500) / (8. Arb Cruncher is a free online arbitrage betting calculator that calculates the level-profit stakes for arbitrage betting, trading, dutching and synthetic Draw No Bet betting on the. Including an amazing FREE BET calculator with enhanced profits if the horse actually wins. If all the other bets were win bets, the remainder of the bets would be lost, in this case $58. Racing data provides a rich source of analysis for quantitative researchers to study multi-entry competitions. 2 * 200) / (1. Australian owned. . A winning $10 bet at 1/2 fractional odds would return $15. Price fluctuations of. The OddsJam +EV tool shows you profitable bets where you have a mathematical edge over a particular sportsbook. 074 or 7. Horse Racing Betting Sites. How to calculate your lay stake for back to lay arbitrage bets. You can even set separate currencies and roundings for different bookmakers. It is based on version 2. Sharp Value Betting. Decimal Odds, Fractional Odds and Moneyline odds are the three most common odds formats used right around the world and they are all covered in our calculator. According to the arbitrage calculator, when you stake $100 on the Cowboys, you need to stake $66. Away: 3. For each-way bets select the tick box on the right of the page if your selection has. Betfair is one of the best interfaces to bet on horse races because a lot of bettors are using their services. Earning Money Online. The strategy of hedging can be used to provide a. Find out how to adjust your stakes, lay odds and commission rates for different scenarios. A wager of £51. There has to be a minimum of two legs in your bet to be classified as a multibet. Step 1: Enter your odds. How can we calculate an arbitrage bet? How To Calculate An. For example, if five horse are selected in a box exacta, the cost of a full $1 unit is 5 x (5-1) = 20. Team A 13+, Team A 1-12, draw, Team B 1-12, Team B 13+). The surebet calculator will then tell you the amount you need to wager on each outcome and what your profit will be. Buncejar correctly predicts a price moving favourite pre race about 4 times out of 5 . Dutch betting, also known as Dutching, is the practice of backing more than one selection to achieve the same profit regardless of which selection wins (view our standard Dutch betting calculator). 53. They are the best betting brokers at the moment. mroji January 28, 2014 28/01/2014 If you want to get everything sea-shell themed with their period of time jobs and no despite what. BetEngine Bet Placement Tool. 0 on the exchanges. 19 on Team A will give a return of £104. Errors and omissions can be. Simply input 0 for the commission on bookmaker wagers. Check the ‘Primary’ and ‘Secondary. You shouldn’t have too much of a problem finding 5 arbs in a day if you pay enough attention. 100% Free Video Course For. Use a free arbitrage finder. 3-way arbitrage betting Is when you bet on events that have three possible outcomes. 4 Chunky Monkey (WPS) 5:42 PM. k. Select the horses to include in the wager. For example, a head to head soccer bet has three selections: home win, draw and away win. For example, you find a bookmaker that offers odds of 2. This section provides comparative bookmaker odds, statistics and match predictions for upcoming sporting fixtures. oddschecker's Dutching Calculator tells you how much to stake on each selection to ensure an equal profit no matter which one wins. Using a free arb finder as beginner arbitrage bettors, is the most budget friendly yet still somewhat profitable method to find sure bets. 4€) = Total profit of 5. You stand to make $5000 if the Vegas Golden Knights win, and you can use the hedge calculator find out that if you place $2083. This is because arbitrage opportunities can arise if bookmaker odds move to be in stark contrast with one another. The sport of kings goes hand in hand with betting. 55 on the Jets, with Sportsbook A and $40 on the Bills, with Sportsbook B. Introduction. Online Calculators. 90 for £100 and the favourites go 1-0 up. This online tool calculates various strategies when a hedging opportunity exists using a betting exchange such as Betfair, where you can back and lay selections. Advantage gamblers often need to transfer funds repeatedly to rebalance their accounts. Divide each rating by the total to obtain a probability. One half is for the selection to ‘win’, and the other is for the selection to ‘place’, which means finishing in the top number of positions in an event. To get started, follow. A 24 horse box First Four has over a quarter of a million choices and the $20 flexi bet will give you a mere 0. 35/month with discount*) Positive EV - $199/month ($129. A bet calculator works by taking the type of bet, odds and stake to provide an accurate return from a bet. Positive expected value (+EV) betting means that you"ll be placing bets that have a larger chance of winning than is implied by the sportsbook odds. 36%. Put $2,000 for bet #1, that is your bet on the Dodgers at -150. 21 regardless of which team wins. Lay stake for free bet if stake returned. The calculator supports up to 24 selections in order to support horse racing. 82 for guaranteed winnings of $1,000. 4€ = 373. Some of the data sets are provided by AusSportsBetting. We need to calculate the odds for each outcome of a bet: P = 1odds, in which P stands for the probability of an outcome. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. Arbitrage bets are often made by gamblers who use sophisticated software to identify mismatched odds in real-time. The draw price rises to 6. Horse Racing Promotions; NBL Promotions; NRL Promotions; Rugby Promotions; State of Origin Promotions;RebelBetting offer markets in different sports like basketball, tennis, ice hockey, rugby league, e-sport, American football, the next races in horse racing, other ball sports and more. If you calculate the odd and insert the value in this calculator then surely it will give you the result whether the bet is worth it or not. 3%. Low margins. ArbMate is an optimal solution for arbitrage betting from the UK, looking for cheaper software but with a relatively premium arb scanner. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team. A bookmaker’s margin is essentially what they charge you for placing a bet. Since the each way market works similarly to system bets, this means you have two bets of £10 each. In order for the parlay to win, each game must win or push (tie). Decimal to Fractional: Decimal = fractional + 1 (expressed as a decimal number, e. Last year, RGS said 60% of. The Free Bet Calculator is the world’s leading online sports bet calculator. You feel like you are actually at the horse race event. Handicappers can choose from a huge range of tools, including an arbitrage calculator, a odds calculator, a free play value calculator, a half-point calculator and. Overall position if win £-0. If the ROI is negative, there is no profit available and you will have a guaranteed loss. 5% and based on my average stake of £50 per bet, this has netted me clear profits of just over £272,000. 9 (your shorter odds divided by your. Calculates various arbitrage strategies when an arbitrage opportunity exists. We help you pick winners by providing expert tips and insights from those in the know. 76. As an example, Platinum racing members get an average of 40 racing tips per week. 15. You can earn a lot of money betting on horse racing – that is betting on horse racing arbitrages. The calculation depends upon the two things and both the things are equally important to win the game. Notice we did not say eliminate the favorite, only horses less than 3-1 on the tote board. But remember, no matter what your favourite sport is we make the betting odds work for you, enabling you to win at sports betting. Zed’s Arbitrage Racing 19% Winner 20,000+Wins Ready Set Boom Third Head Supreme Polarity PoP Y2K2K Evergreen Creation of Mortals Diamondz 13 Z1s you want to make a hedge bet at odds of +300, our Betting Odds Converter will tell you that the decimal equivalent is 4. You will find live horse racing where you could even watch the race live. 00 profit (50% return). Support a Great Cause. Pin by sports betting on horse racing | pinterest An arbitrage betting possibility in short is known as an ‘arb’ and punters who the risks involved with horse racing arbitrage are that because. Our arbitrage calculator allows you to enter the odds of two (or more) different bets to determine how much you should stake on each to guarantee a profit. $6$ to $1$ means that if you bet $\$1$, and your horse wins, then you get your original $\$1$ back, plus $\$6$. 15. The three best sports betting agents for arbitrage betting are BetInAsia, VOdds, and AsianConnect88. To calculate the arbitrage percentage or market margin, you can use the following arbitrage calculator formula: Arbitrage % = ((1 / decimal odds for outcome A) x 100) + ((1 / decimal odds for outcome B) x 100). BetBurger – In-play value betting software. This represents an attractive bet. The formula you need to make use of looks like this: (lay price x back wager) / (value of the current lay odds – exchange commission). Our dutching calculator allows you to enter a total stake amount (that is the total amount you would like to invest into this particular bet overall) and enter the odds for each bet you would like to get on. Once an insurance actuary with a wife and two kids, he’d decided one day that family life wasn’t for him and began traveling the world as an itinerant gambler. Fractional odds dominate in the UK with their roots in betting on horse racing, but they are limited to familiar fractions which became problematic as betting has evolved and moved online. However, finding arbitrage opportunities can be challenging and time-consuming. As well as lie playing demands establishing several. With horse racing sure bets you can make fast profits and reinvest them. But first, let me show you what they can offer. With hedge betting, the odds that your original bet wins are much better now, as in the example outlined above. In order to convert a fractional odd into American odds you simply have to follow this formula: Over 1/1: Convert Fraction to Decimal and multiply by 100. Common fraction values are 1/3 and 1/4 for horse racing and 1/2 for 2nd place in a sports tournament. Smarkets arbitrage calculator. BetBurger – pre-match & in-play positive EV betting tool. Positive EV • $169 value. It determines whether a particular sporting event is a good option for arbitrage bets or if it is likely to harm you. Anyway, in this example, we are wagering $963. Arbitrage is an advanced sports betting strategy that comes from the financial world. INCLUDES. Understanding what exactly is A Return on your investment Calculator: horse racing betting siteBonusbankThese formulas give an even profit no matter the outcome of your bets. A unit represents your minimum wager. However, finding arbitrage opportunities can be challenging and. OddsChecker is the most knowledgeable and helpful place for sports betting online. When you want to place horse racing bets online, factor in the available odds, the variety and the convenience. Simply enter the price for each of your fancied selections (in decimal format) and your maximum total stake below. 97 x $100 minus your initial $100 stake). Automation: Many. Large bookmaker. A box exacta is calculated by multiplying the number of selections for first by the number of selections for second, minus one. So if you had a total of. You enter the odds for two or more bets, as well as your stake, which is the total amount you want to bet. Decimal to Fractional: Decimal = fractional + 1 (expressed as a decimal number, e. When you use an arbitrage calculator, type in 1 unit for bet #1, +125 for line number one, and -110 for line number two. It’s almost like being there at the actual racing event. By using 2-3 different bookmakers you have found these odds instead: 3 – 2. Ready-to-print. g. UK Horse Racing Analyser is the ultimate horse racing software for accurate computerised horse race analysis, to predict winning horses day after day. Substitute this information into the above formula. Arbitrage Betting. The very best betting on horse racing. So you may see the odds as follows: Home: 2. This situation is a bit trickier. Simple is the most basic form of dutching, the stake placed on each market is changed to ensure equal returns, for example, £5 on horse A at odds of 4/1 and £10 on Horse B at odds of 2/1. intended opportunities. It involves placing proportional bets on every possible outcome of an event (with different. This is tool is highly useful in the following circumstances: The head-to-head market has a lower margin than the >Draw No Bet and/or Double Chance markets. Hedging Calculator. These terms will mean very little to you at the moment, but let’s quickly compare them to give you a feel for how they differ: Risk Level. With a £50 stake on the back bet, the ideal lay stake to use would be £65. Arbitrage Calculator; Asian Handicap Calculator; Betfair Hedging Calculator;. Parlay Builder • $29 value. You would then make a £563. 97, for a stake of $100, you stand to win $597 ( 6. So, you would place a $536. 54. Above, 100 times 2. Simply fill in the boxes with your back price, stake and lay price then click the recalculate button to see how much you should lay (shown in red) at the specified. unpopular tennis matches or horse racing events, and/or less popular sports. In this case, the profit would be $5 ($15 – $10). High limits. pari-mutuel hub, has about 90 customers who invest in the team's wagering strategies. ). They are scanning 50 main bookmakers that have many clones (Unibet – > 888sports, Stanleybet, etc. Put the +155 you found on the Diamondbacks in line #2 and click Calculate. 100. So, is it illegal? Truth be told, arbitrage betting is actually 100% legal in your country as long as online wagering is permitted. -. These services scan the bookmakers compare their odds in every few minutes for pre-match events and every 2-3 sec for in-play sports events. When looking at horse race betting online, consider the variety, the odds available and the convenience factor. Betting markets are also available on league-wide markets and often relate to "Futures". The simplest form of sports arbitrage opportunity is where the betting exchange Lay odds are less than those offered by the bookmaker. Arb Cruncher is an online sports betting calculator that calculates level-profit stakes for arbitrage betting, trading and dutching. Nice looking dashboard. 50 for team A to win, another bookmaker that offers odds of 3. Having said that, no bookie would ever offer those odds, because $1/7 + 1/6 + 1/5 + 1/4 < 1$, so any idiot can make a guaranteed plus by spreading bets accordingly. 06 Guaranteed Profit regardless of my horse “To be Fair” final result as pointed by blue arrow. $18. A 3-Way Fair Odds No-Vig Calculator helps bettors learn the true probability of an outcome in a three-way betting market after removing the sportsbook vigorish (vig), or commission. It has a clean and friendly interface with a lightning fast refreshing arb/odds refresh rate. 1% (vs 64. The casino always makes $50. What are arbitrage bets?New Customer Offer - Open to new accounts only. Change the Match Rating settings to show only >100. In short, the possibility for arbitrage only exists due to market inefficiencies. Racing and Gaming Services, a group based on the island of St. to be credited with 3x £10 Free Bets: 1 x £10 Horse Racing, 1 x £10 Free Bet Builder and 1 x £10 Football. Excellent betting selection. How can we calculate an arbitrage bet? How To Calculate An. 00 for a draw. A Google Sheets betting tracker is also available. com The arbitrage calculator is a useful tool for anyone who wants to try arbitrage betting and make risk-free profits. Draw: 3. Asian Handicap betting is popular for soccer fixtures and other sports where a draw is a. A winning $10 bet at 1/2 fractional odds would return $15. Australia Sports Betting offers a Google Sheets betting tracker that is free to use. g. To calculate the potential payout from a football bet, multiply the stake by the odds. FairBot is state of the art Windows software which provides an enhanced betting interface to the leading Betting Exchange, Betfair. As a result, if the horse finishes 1 st, you win. Input the minimum accepted stake that your betting exchange permits. The software scans all horse racing markets in an instant and highlights the selections that represent an each way arb. In this context, a punter looking for arbitrage betting opportunities may take advantage of the differences and place $55. BetMGM Horse Racing – 100% deposit match up to $200. You pay less than $2 a day to earn over $50 a day from bonus offers. Enter the best available decimal odds for each leg. 5 (5/2) equals 250. That would be. BETTING CALCULATOR FAQArbitrage is a strategy leveraged in various sectors and areas, including financial markets, gambling markets, currency exchange and even retail. If Player B wins: Profit = ( Bet Amount for Player B x Odds for Player B ) - Total Bet Amount. Other smart betting strategies, such as value betting, can also be treated as using stakes as start money because bettors are earning. Betfair is one of the best interfaces to bet on horse races because a lot of bettors are using their services. Horse Racing. A conditional incentive given by bookmakers to entice new or existing account holders to betting activity. Arb Cruncher is a free online arbitrage betting calculator that calculates the level-profit stakes for arbitrage betting, trading, dutching and synthetic Draw No Bet betting on the betting exchanges, as well as the returns from parlayed bets (multiples). The progress is even higher: there are middles software, horse racing arbitrage software, tennis arbitrage programs, there is an arb helper, which. 2€) – second leg hedge at Pinnacle (160. Using the example above, the EV of our bet would be $5 using the no. If your account balance is $ 1,000, following the Kelly criterion's recommendation would mean placing a bet of $ 11. Enter the odds and the calculator will automatically calculate whether there is a value betting opportunity, the profit margin, the necessary stakes to maximise your profits (based on the Kelly Criterion), and will auto-round your stakes to avoid suspicion. ; A Stake Limit dutch bet means the total stake stays the same, regardless of how many bets are placed. Bonus Money Pro You could potentially earn up to $2000 every month Dedicated personal assistance for every bet Advice to get the largest sign-up bonuses Get every available bonus through access to detailed calendars Make betting easy with advanced guides and tools Take advantage with our Matcha horse racing software. Book/Bookie (see also Sportsbook)The first thing you have to do is to use arbitrage calculator. 85. Nyra Bets – $200 deposit match. You will find this very exciting. Each horse will have its own individual set of figures quoted and it is the spread betting equivalent of the normal fixed odds market for a race. This technique can be used for a variety of reasons, including minimising risk when odds change, or to place qualifying bets with sportsbook in order to receive promotions in the future. The first bet is on the horse to win and the second bet is on the horse to place. These amounts can be scaled up and down, but the ratio needs to stay consistent. If you were to bet $100 at 3. 2. To calculate the profit, subtract the stake from the potential payout. The three best sports betting agents for arbitrage betting are BetInAsia, VOdds, and AsianConnect88. Straight exactas can be more difficult to calculate, especially if the selections vary for first and second place. With most bookmakers if you place a $5 each-way bet you are actually wagering $10: $5 on the selection to win and $5 for the selection to place. 16 % of your bankroll. Extremely popular markets see fewer arbitrage opportunities. RotoWire is supporting Movember's commitment to men's health all month long, and you can help! Make any donation to Movember, send your receipt to social@rotowire. Three strategies are calculated. Essentially, I recommend RebelBetting if you are serious about sports arbitrage betting. Arbitrage betting is discussed in Section 8 of this guide. Number of Bets You Expect to Place. Arbitrage betting is a risk-free approach to betting that guarantees a profit. The total cost of the ticket will appear next to the words Ticket Cost. Using the Smarkets arbitrage calculator is simple. It can handle singles, doubles, trebles, accumulators and system bets. The liability on this bet is £10. The Arbitrage Calculator tells us this scenario’s bookmaker margin is 0. 50) Fractional to Decimal: Fractional = decimal – 1 (expressed as a fraction. An example: If you bet on the Yankees to win the World.