Sports betting odds
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Sports betting is to bet money on a sports event. There are many types of bets, the most simple are to bet on the victory of a particular team. Each bet has an odd that allows to know in advance, … Read More

Moneyline odds
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Moneyline odds are favoured by American bookmakers. If the figure quoted is negative, then the moneyline odds are quoting how much money must be wagered to win $100 – this is done if the odds are worse than even. If … Read More

Craps odds
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The rules vary slightly from one casino to another, but the expected value of several bets is only slightly negative (the most favorable bets with the most favorable rules offer a house advantage of as little as 0.18%). All bets … Read More

Sportsbook
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Sportsbook at Wynn Las Vegas, during Super Bowl XLII, February 2008 A sportsbook (sometimes abbreviated as book) or a race and sports book is a place where a gambler can wager on various sports competitions, including football, basketball, baseball, hockey, … Read More

Betting odds slang
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Betting odds slang is a series of words used to describe particular common fractional odds. Evens – Levels, Scotch 2/1 – Bottle 3/1 – Carpet, Gimmel 4/1 – Rouf 5/1 – Hand 5/2 – Face 6/1 – X’s 7/1 – … Read More

Runner-runner outs in Texas hold ’em
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Some outs for a hand require drawing an out on both the turn and the river—making two consecutive outs is called a runner-runner. Examples would be needing two cards to make a straight, flush, or three or four of a … Read More

The flop
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The value of a starting hand can change dramatically after the flop. Regardless of initial strength, any hand can flop the nuts—for example, if the flop comes with three 2s, any hand holding the fourth 2 has the nuts. Conversely, … Read More

Powerballs And Bonus Balls
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Many lotteries have a “powerball” (or “bonus ball”). If the powerball is drawn from a different pool of numbers from the main lottery, then simply multiply the odds by the number of powerballs. For example, in the 6 from 49 … Read More

Types of craps bets
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The fundamental bet in craps is the pass line bet, in which one bets that the dice will pass (that is, roll the point number before rolling a 7). A pass line bet is also won if the come-out roll … Read More

Cribbage statistics
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There are 12,994,800 scoring hands in Cribbage (52c5 x 5, 5 cards then any of those 5 as the turn up card). Approximately 8.5% of randomly drawn four-card hands will score 0 (not including pegging). The highest score is 29 … Read More

Lottery Mathematics – Odds of getting other scores in choosing 6 from 49
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One must calculate the total number of lottery combinations (c(49,6) = 13,983,816, as explained in the section above), and divide it by the number of those combinations which give the desired result – which equates to the number of ways … Read More

Poker probability for Texas hold ’em
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In poker, the probability of many events can be determined by direct calculation. This article discusses how to compute the probabilities for many commonly occurring events in the game of Texas hold ’em and provides some probabilities and odds[1] for … Read More

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