what does odds mean

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what does odds mean

• are a numerical expression, usually expressed as a pair of numbers, used in both ... Thus, of 6 to 1 the first party (normally a bookmaker) stakes six times the ... a tally of the results, one expects 1 six event for every 5 times the die not show six. ..... are the in favor of picking a blue marble?

• In statistics, the ratio (OR) is one of three main ways to quantify how strongly the presence or absence of property A is associated with the presence or absence of property B in a given population. If each individual in a population either or not have a property "A" ...... This is again is called the ' invariance of the ratio', and why a RR ...

• This article is within the scope of the WikiProject Statistics, a collaborative effort to improve the .... it when I see a website posting for certain candidates, like Guiliani has 9-2 , or Hillary Clinton has 7-2 ?

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• Fixed- betting is a form of wagering against offered by a bookmaker or an individual ... the bookmaker may have to pay out more winnings than is staked or may earn ... It is possible to be getting "the best of it" or "the worst of it" during lay a bet; laying a bet not necessarily getting "the worst of it".
• Even money is a wagering proposition with even - the bettor stands to lose or win the same amount of money. Beyond gambling, even money can an event whose occurrence is ... In case the dealer have a blackjack, the player will push on the original bet and get a 2 to 1 payout on the even money side bet.
• Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple " win or lose" outcome, such as fixed- (or money-line) betting or parimutuel betting. ... This assumption not necessarily hold in all situations. For example, at the ...
• In horse racing, the starting price (SP) is the prevailing on a particular horse in the ... is aimed at removing hesitancy among punters prompted by fears of taking might prove to be ... Jump up ^ " SP At Bookmakers ?
• Mаtched bеtting is a bеtting technique used by individuals to profit from the free bets and ... The latter is required to offset any loss in the event that the result not ... in recent years for they allow betters to bet without official -makers. ... a free bet no matter the outcome the person will back on the bookmaker, lay ...
• So, is the correct generalization (if any exists) that implies that Newton's ... it that the of someone winning an election is 8/11 or -1000  ...
• The mathematics of gambling are a collection of probability applications encountered in games ..... The 3 sigma range is six times the standard deviation: three above the , and ... Jump up ^ "Return to Player and Hit frequency - do these ? ... Probability and gambling math discussion from the Wizard of  ...

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