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How much money would I win on a 500 to 1 odds bet if I bet $100? – Quora

Renfrew

One ought to be aware that there are not any circumstances where those odds exist.
Odds of 100 to 1 hardly exists (like a bet on a really quite slow race horse.
While 500–1 doesn’t. Odds as large as 50–1 may be found in boxing.
A 45 was –1 payoff when Mike Tyson fought and lost in Tokyo past.
Advisors to casinos dislike the Concept of a casino offering odds that are long on
anything but a slot machine jackpot. “Risk Managers” can manage the”actions”
Any time there’s a situation where a casino is currently offering quite”long odds”
If I bet $100 how much money would I triumph on a 500 to 1 odds wager? Is your submitted query. If you need a calculator to answer this question you’re beyond help.
The biggest thing I could suggest is learning to spot where you’ll discover estimated value (EV) in the long run. The actual result shouldn’t matter as long as you are doing this. A poker pro does the same thing and it bookies and casinos make their profit. Bet Edge has a lot of videos and training on approaches to do this: Taking Real Value (None of This Tipster Shit) orHow I (Someone Who Placed a Bet Inside His Life) Make a Living’Betting’

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