Learn me something please (gambling) I'm in Vegas right now

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I'm in Vegas right now

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Sure, I'll bite.

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UGA -110

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100/110 --> 10/11 odds

So if you placed $1,000 on UGA, Animal is correct — you could win:

10/11 = 0.909 x $1,000 = $909.09 (paid out as $1,909.09 after you spent $1,000 on the ticket)


BTW, at 10/11, Vegas therefore assumes that out of every 21 bets (10+11), 10 will miss and 11 will hit.

The implied odds are thus 11/21, or a 52.38% chance that UGA will win the East.

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Just for giggles, let's say UT is +1400 to win the SEC.

1400/100 --> 140/10 --> 14/1 odds

So if you placed $1,000 on UT, you could win:

14/1 = 14 x $1,000 = $14,000 (paid out as $15,000 after you spent $1,000 on the ticket)


At 14/1, Vegas therefore assumes that out of every 15 bets (14+1), 14 will miss and 1 will hit.

The implied odds are thus 1/15, or a 6.67% chance that UT will win the SEC.

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Don't forget the vig!

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