2006-10-27 08:05:44 · 7 answers · asked by aehx 1 in Games & Recreation ➔ Gambling
Katybeth I think that you will find your example is actually 6:1 which when added together gives you your 7 participants. If the Odds are 7:1 you will have a payout of 7 x your stake plus your stake back.
I've been a casino manager for 20 years.
2006-10-27 10:58:12 · answer #1 · answered by Player 5 · 0⤊ 1⤋
You will get $700 total which included your original $100. Think about it like this, if you and 6 friends made a bet and all put up $100 then the pot is $700 and your odds are 7:1 that you could win. If you won, you would get the whole $700 which included your $$. Good luck with the bet.
2006-10-27 08:11:55 · answer #2 · answered by katybeth212001 3 · 1⤊ 2⤋
Depends on the game.
Lottery ticket for $1 paying $7 nets you $6. (Or convert to 100's if you want.)
Craps with 7x odds pays the $7 plus you keep your original $1.
2006-10-27 08:13:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Yep.. you do.. at the ponies anyway.
For example.. $2 bet on a 7 to 1 returns $16
2006-10-27 08:11:24 · answer #4 · answered by mr.longshot 6 · 1⤊ 1⤋
The $700 includes your original bet. So you do not get $800.
2006-10-27 08:07:47 · answer #5 · answered by Anonymous · 0⤊ 1⤋
only 700
2006-10-27 08:07:40 · answer #6 · answered by Anonymous · 0⤊ 1⤋
try the crap table, hit a fire bet...and BOUNCE! (ONLY $5.00)
2006-10-27 08:17:58 · answer #7 · answered by Anonymous · 0⤊ 1⤋