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BGonline.org Forums
OT: Is Denver really the better Superbowl bet?
Posted By: leobueno In Response To: OT: Is Denver really the better Superbowl bet? (Rico)
Date: Wednesday, 4 January 2012, at 4:33 p.m.
Make sure you include the # in the URL. Then click the "Outright Markets" tab.
By the way, on an even money bet, shouldn't the probability of winning, on a $1 bet be:
1(1+1)= 0.5?
The decimal odds on an even bet would be 2.00 so 1/2.00 yields implicit odds of 0.50.
You risk $1 and stand to gain $1. Your formula would say the win probability is 1/(1+2) = .333
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