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What are my winnings?

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    What are my winnings?

    Hi,

    I have problem with somebody about the betting system ,and I need help please as soon as you can ,

    I bet on one game yestarday and the game was between Werder Bremen and Schalke and I took home win at odds (2.20)

    Ok,now I put 100 euro ,asd they informed me that the total wining is 220 euro !!! how ? I thought that I will get my money first the 100 plus the 220 is that right ??

    Plaesae somebody can explain to me as soon as you can
    Never give up
    ----------------

    #2
    Well, Jeries the bookie is correct.
    If you bet 100 euros on odd @2.20, it means in case of correct result
    you should multiply your bet and the odd: 100 / 2.20 = 220 euros. :wink:

    Comment


      #3
      It's a bit misleading, the total possible profit is 120 and the payout 220. Depends how you look at it. If you consider every stake lost (sunk costs), then the winning is 220, but it's better to see the profit as your winnings. That bookmaker wants people to get greedy by letting them think there is more to be won than in fact is the case.
      KOFFIEBOER, YOU ARE MONSTER

      Comment


        #4
        :lol:
        We don't see things as they are, we see things as we are.

        Comment


          #5
          but my question is win I placed my bet with 100 euro ? that mean I will get the 100 and 220 or the 220 included my 100 ,

          did they charge my visa the 100 ? or my 100 still in my visa and I took the 220 !!!!!!!!!!!


          Please I need more explain boys :cry:


          Thanks
          Never give up
          ----------------

          Comment


            #6
            They will have taken 100 FROM your visa, and then placed 220 back ON to your visa.....ok?

            Comment


              #7
              I didn't know, that it is difficult.

              You invest 100€ in a bet @2.2. If you lose, you lose 100. If you win, you win 1st your 100€ back, and additional 120. 100*2.2. At odds like 2.0 you double your investment. In a combo @10 you get 1000 back (you win 900)

              Comment


                #8
                Jeries, I know what is your problem :wink:

                It's the difference between UK and the rest of the European odds system...

                Here are odds in you particular case:

                EU: 2.20
                UK: 6/5
                US: +120

                You see, if odds are in EU style, your net profit is actually stake * (odds - 1.00). In UK your net profit is stake * odds. In US, net profit = odds (assuming that 100 units are invested) in case that sign is plus.

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