When making a bet in which one must put more at risk than one can win, one is laying the odds. Rational bettors will do so only if the actual chances of an adverse outcome are low enough that the expected outcome even after deduction of taxes and any transaction costs is favorable to the person placing the bet.
Laying odds is reflected in the colloquial expression "[I would] dollars to doughnuts " — with which the speaker is expressing a willingness to risk losing something of value in exchange for something worthless, because winning that bet is a certainty. Bookmakers sell bets based on the odds of a specific outcome, but lay betting allows the bettor in some English-speaking countries, the "punter" to reverse roles with the bookmaker, using odds to sell the opposite outcome to the bookmaker.
In this context, "lay" is used in the sense of "layman", i. Favoured by bookmakers in the United Kingdom and Ireland and common in horse racing , fractional odds quote the net total that will be paid out to the winning bettor relative to the stake.
The term "fractional odds" is something of a misnomer, especially when visually reinforced by using a slash as opposed to, e. This fraction may be derived by subtracting 1 from the reciprocal of the chances of winning; for any odds longer than "even money," this fraction will be an improper one. Not all fractional odds are traditionally read using the lowest common denominator. Perhaps most unusual is that odds of are read as "one-hundred-to-thirty".
Fractional odds are also known as British odds, UK odds,  or, in that country, traditional odds. Favoured in Continental Europe , Australia , New Zealand and Canada , decimal odds differ from fractional odds by taking into account that the bettor must first part with their stake to make a bet; the figure quoted, therefore, is the winning amount that would be paid out to the bettor. It is considered to be ideal for parlay betting because the odds to be paid out are simply the product of the odds for each outcome wagered on.
Decimal odds are also known as European odds , digital odds or continental odds and tend to be favoured by betting exchanges because they are the easiest to work with for trading, in this case the purchase and sale of upside and downside risk. Moneyline odds are favoured by United States bookmakers and as such are sometimes called American Odds. Moneyline refers to odds on the straight-up outcome of a game with no consideration to a point spread. To convert fractional odds to decimal, take the fractional number, convert it to decimal by doing the division, and then add 1.
For example, the 4-to-1 fractional odds shown above is the same as 5 in decimal odds, while 1-to-4 would be quoted as 1. The method for converting moneyline to decimal odds depends on whether the moneyline value is positive or negative. If the moneyline is positive, it is divided by and add 1. If the moneyline is negative, is divided by the absolute moneyline amount the minus signed is removed , and then 1 is added. From Wikipedia, the free encyclopedia.
This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article's lead section may be too short to adequately summarize its key points. Please consider expanding the lead to provide an accessible overview of all important aspects of the article. November This article is written like a personal reflection, personal essay, or argumentative essay that states a Wikipedia editor's personal feelings or presents an original argument about a topic.
Please help improve it by rewriting it in an encyclopedic style. On Jan. While during Sunday's Super Bowl, he appeared in a Jeep ad filmed in Kansas that urged people to find common ground. The Associated Press. Vice Chancellor Joseph Slights of the Court of Chancery cited the paper by Gibson Dunn attorneys in his ruling directing Facebook to turn over documents to shareholders who are trying to determine if Facebook overpaid to protect Zuckerberg.
From Barack Obama touching a boy's hair to the impact of "Hamilton," these examples highlight the power of diversity in children's media, toys and more. Jamie Raskin, D-Md. As she presented harrowing footage of the siege, Del. Stacey Plaskett, a Democrat representing the U. Interspersed throughout were slides of Trump's tweets contesting the election and promoting the Jan.
Joaquin Castro, D-Texas, another one of the prosecutors. Madeleine Dean, D-Pa. Dozens of legal challenges to the election put forth by Trump and his allies were dismissed. Their presentation included chilling video of the rioters rampaging into the building and audio of distressed police officers who tried in vain to keep them out.
The presentation also showed the perilous moments when lawmakers and others, including Senate Majority Leader Chuck Schumer and Pence, were rushed to safety; body cam footage of an officer being beaten; the sounds of crunching, breaking glass; profane screams and violent threats; and cries as the rioters streamed into the building, some carrying riot shields and weapons.
Babbitt, being shot to death by U. Capitol Police. Also never before seen: Footage of Capitol Police officer Eugene Goodman, who has already been hailed as a hero, warning Sen. Mitt Romney, R-Utah, that the mob was headed his way. Romney turned and dashed in the other direction. Both Castor and Schoen said they had spoken to Trump on Tuesday, but Castor denied that the former president had expressed displeasure to him.
Lindsey Graham, D-S. I will never forget that sound. Eric Swalwell, D-Calif. Ted Lieu, D-Calif. And some of them appeared indifferent to the proceedings and unmoved by the evidence. Missouri Sen. Josh Hawley, who led the Senate challenge to the election along with Texas Sen.
Wisconsin Sen. It was a notable contrast with Democrats like Maryland Sen. Vice Chancellor Joseph Slights of the Court of Chancerycited the paper by Gibson Dunn attorneys in his ruling directingFacebook to turn over documents to shareholders who are tryingto determine if Facebook overpaid to protect Zuckerberg. The shell was found during the excavation of a cave with prehistoric wall paintings in the French Pyrenees and assumed to be a ceremonial drinking cup.
Archaeologists from the University of Toulouse recently took a fresh look and determined it had been modified thousands of years ago to serve as a wind instrument. They invited a French horn player to play it. She feared that playing the inch centimetre shell might damage it, but it didn't. The horn produced clear C, C sharp and D notes.
The researchers estimate it to be around 18, years old. Their findings were published Wednesday in the journal Science Advances. Conch shells have been used widely in musical and ceremonial traditions, including in ancient Greece, Japan, India and Peru. The shell instrument found in the Marsoulas cave is now the oldest known example. Previously, a conch shell instrument found in Syria had been dated to about 6, years old, said another Toulouse archaeologist, Gilles Tosello.
The latest discovery was made after a recent inventory at the Natural History Museum of Toulouse. The researchers noticed some unusual holes in the shell. Crucially, the tip of the shell was broken off, creating a hole large enough to blow through. Microscopic inspection revealed the opening was the result of deliberate craftsmanship, not accidental wear, according to Tosello. By inserting a tiny medical camera, they found that another hole had been carefully drilled in the shell's inner chamber.
They also detected traces of red pigment on the mouth of the conch, matching a decorative pattern found on the wall of Marsoulas cave. Using a 3D replica, the archaeologists plan to continue studying the horn's range of notes. Tosello said he hopes to hear the ancient instrument played inside the cave where it was found.
Close your eyes for a minute and think of the best thing that ever happened to you, imagine the noise, the smell, what it felt like. Now think of the worst thing that ever happened to you — feel the despair.
Gambling gave me all those feelings in half an hour at the bookies. It was fantastic and awful in equal measures. I then started playing the bigger fruit machines in snooker clubs and then eventually fixed-odds betting terminals FOBT. I left with nothing in my wallet, all because of the roulette on an FOBT. Am I a mug? You get lost in your own little world and have tunnel vision, nothing matters only that next spin whatever the consequences.
I borrowed off anyone including my ex-girlfriend gambling eventually tore our relationship apart. I am in financial ruin, and have been for many years as a result of my gambling. There have been at least 50 occasions I can think of where, within an hour of getting paid, I lost every single penny in a bookies on roulette machines. I was hooked on FOBT machines instantly. I only went in search of the quick win and the machines allowed me to do this.
This led to a life of misery, one where I ruined relationships with friends and family some of which will never be mended. I blew my student loans and money left over by family for university. I was able to have this cleared by my parents but after abstaining through willpower alone after a few months I was back on it. At 27 I should have a house and a job I love, but instead I make ends meet in order to pay a debt which will tie me down for the next five years.
But how dangerous can a this habit be? We asked you to tell us your experiences. Facebook Twitter Pinterest. Topics Gambling Opinion. Reuse this content. Betfred began offering a roulette-style game on Monday, even as restrictions on FOBTs were imposed despite vociferous lobbying by bookmakers, who warned 4, stores could close at the cost of 21, jobs.
The game, called Virtual Cycling, allows gamblers to place bets on a piece of paper obtained over the counter, showing a graphic similar to a roulette table. Players bet on when an animated cyclist travelling around a track will be overtaken by virtual competitors, based on numbers corresponding to sections of the track.
These are not machine games but over-the-counter bets. The numbers from 1 to 36 echo those featured on a roulette wheel, as does the opportunity to bet on odd or even and groups of numbers. It really reminds you of roulette. While the stakes are as high as FOBTs, the games are less frequent, running once every three minutes, compared to once every 20 seconds. But MPs and campaigners lined up to criticise bookmakers for apparently seeking to circumvent the spirit of the rules.
They appear to be trying to cheat the system. We have been extremely clear about our expectations in relation to how operators should implement the stake reduction. This is why we have been monitoring developments closely and last week we wrote to operators to remind them of their responsibilities to ensure consumers are protected.
Bvu goodland investments llc burg genthin zerbst investment closed end investment company and investments center vitec with high llc name homeforexchange canada fund management pfs investments model semi act investment early warning argo top 20 investments with high returns alpha engine global yaohua li kodak china advisor reg. colemaninvestment fraud keith c.
ltd small youtube forex fund investment return calculator calculator excel realty and investments risky cervo san india live rate currency white house hyderabad without investment forex investment anschriften.
And the business still grew. So this is hardly a company on the critical list. Bookies have, meanwhile, accelerated the push to grow their digital businesses. Online gambling is less visible and people can bet bigger than they ever could with those FOBTs. Ultimately, they look set to carry on winning. Want to bookmark your favourite articles and stories to read or reference later?
Start your Independent Premium subscription today. You know that phrase about the bookies always winning? Please enter your email address Please enter a valid email address Please enter a valid email address. Close your eyes for a minute and think of the best thing that ever happened to you, imagine the noise, the smell, what it felt like.
Now think of the worst thing that ever happened to you — feel the despair. Gambling gave me all those feelings in half an hour at the bookies. It was fantastic and awful in equal measures. I then started playing the bigger fruit machines in snooker clubs and then eventually fixed-odds betting terminals FOBT. I left with nothing in my wallet, all because of the roulette on an FOBT. Am I a mug? You get lost in your own little world and have tunnel vision, nothing matters only that next spin whatever the consequences.
I borrowed off anyone including my ex-girlfriend gambling eventually tore our relationship apart. I am in financial ruin, and have been for many years as a result of my gambling. There have been at least 50 occasions I can think of where, within an hour of getting paid, I lost every single penny in a bookies on roulette machines.
I was hooked on FOBT machines instantly. I only went in search of the quick win and the machines allowed me to do this. This led to a life of misery, one where I ruined relationships with friends and family some of which will never be mended. I blew my student loans and money left over by family for university. I was able to have this cleared by my parents but after abstaining through willpower alone after a few months I was back on it.
At 27 I should have a house and a job I love, but instead I make ends meet in order to pay a debt which will tie me down for the next five years. But how dangerous can a this habit be? We asked you to tell us your experiences. Facebook Twitter Pinterest. Topics Gambling Opinion. Reuse this content.