Post
Topic
Board Gambling
Re: Bryan Micon's "Bet Me Anything" thread
by
dooglus
on 17/04/2013, 20:01:13 UTC
you can have LA at -150 if you'd like.  This means you can bet 1.5 coins vs. my 1 coin [mostly for newbs reading this thread that will want to bet in the future, I'm sure mastercoin knows was 1.5 is]

LA to make playoffs:
min bet: 0.5 coin
max bet: 6 coins
odds: -150

I still don't get "odds: -150".  Can you explain it like I'm 5?

What's "odds: -600" and "odds: 500" too?

It sounds like -150 means "3 to 2 on", since you said he bets his 1.5 vs. your 1.  Is that right?  How did you get from 3-2 on to 150?  100*3/2 ?


Wait - why don't I just google it!

http://en.wikipedia.org/wiki/Fixed-odds_betting#Moneyline_odds