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In parlays involving point spreads, the payoff are fixed, while money line parlay payoffs are determined by the odds of each team.
Point Spread Parlays
The odds on a typical parlay involving point spreads, including totals, are generally something like:
To read more about parlays, see Parlay Cards, Finding Correlated Parlays or Betting Baseball Parlays.
Bettors should stick with straight bets when betting against the point spread or totals as it’s difficult enough to pick one winner, let alone two or more games and the odds you are asked to try and beat are nearly impossible to overcome in the long run.
Sports Betting – How to Bet Parlays
Parlays are by far the most popular of the exotic wagers, as they offer the potential for a big payout from a small wager. All of your bets must win, or at least tie, in order for you to win.
What this means is that a bettor making a wager on a five-team parlay stands to win $25 for every $1 if all of their games win, while a correct eight-parlay will payout $150 for every $1 wagered.
For example, say a bettor likes the Los Angeles Dodgers +160 and the Chicago Cubs -130. The odds of the payoff are much less than the true odds. If you place a four team parlay, going 3-1 is no different than going 0-4. If the bettor places a $10 wager, they essentially would have a $10 bet on the Dodgers +160, which will return $26 should the Dodgers win, and then would have $26 on the Cubs -130. The true odds of hitting a 10-team point parlay are 1,023-1, while the payoff is generally around 600-1, so a parlay bettor is at a big disadvantage.
March 21, 2016.
There are basic types of parlays, those wagered against the point spread and those wagered using the money line. The difference in the payoff is because the Dodgers were not given very good odds of winning.
Are Parlays Good Bets?
The simple answer is no, especially parlays involving point spreads or totals. Should the Cubs also win, the bettor has turned a $10 wager into $46. For example, the true odds of winning a three-team parlay when making point spread wagers are 7-1, while the payoff is only 6-1, and it gets worse as you bet more teams. Simply stated, a parlay is a collection of two or more sides or totals that you bet on and all of them must win in order for you to win your bet. While a parlay made against the point spread assumes a 50-50 chance for each team of winning, money line parlays do not. The ability to win a lot of money for a small bet is the primary reason parlays are popular with a number of sports bettors.
Money Line Parlays
Money line parlays do not use fixed odds, because the odds of winning vary greatly from team to team. Contrast the $36 profit with the $26 profit a bettor winning a $10 point spread parlay on two teams would make. The payoffs a bettor will receive should they win are quite different in the two. The chances of the a good baseball team with its ace pitcher on the mound defeating a mediocre opponent are going to be greater than 50 percent and the payout if the parlay hits will reflect this.
By Allen Moody
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2 teams 13-5
3 teams 6-1
4 teams 10-1
5 teams 25-1
6 teams 40-1
7 teams 75-1
8 teams 150-1
9 teams 300-1
10 teams 600-1
Money line parlay payoffs are calculated on the odds of the game, so there is no advantage or disadvantage in playing them.
5 Hobbies That Give Your Brain a Workout
To put it in simple terms, money line parlays take the amount of your bet and place all of the money on one team and if that team wins, recalculates your bet amount on the next team, again placing your entire wager on that team.
There are almost an infinite number of scenarios that can happen in a single football game. Not all games work according to this formula, but it is usually a good rule of thumb.”
And where does all that money go?
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says.
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. “He is not jaded by teams and does not bet with his heart. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains.
9. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. On college you will be able to find different lines at different sports books. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
So, how much are we gambling each football season?
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined.
8. Slim underdogs regularly win outright.
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. “When you’re in a good rhythm and winning, you want to increase your bets. Thanks to the juice, the only one who profits in this scenario is the bookmaker.
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. The payout is just the same as far as he is concerned. The only locks that exist are those that need keys to open them.”
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”
2. If you want advice about sports betting, find someone who has a successful track record. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. Giving 11 to 10 odds is almost always the cheapest price you can give.”
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week.
7. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. Oakland comes to mind) seem like the Super Bowl. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. The NFL, for example, will have very similar numbers at most of the betting shops you visit. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says.
Moseman agrees and especially likes home underdogs. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. If North Texas is his best bet on a Saturday then that is his bet. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. Also, being “in action” can make a dull late-afternoon game (Buffalo vs.
“The talking heads on TV know nothing about sports betting,” says Sevransky. To be a successful sports bettor you need to operate with a clear mind.”
“There is probably no better bet in sports than playing an underdog at home,” Moseman says. “Teams play inspired ball at home. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses.
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
4. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
6. “There will be more discrepancy in the numbers at different sports books. In fact, sports bettors must pick 52.4 percent winners just to break even.”
3. Chasing losses is the fastest way to the poor house.”
Certainly not back into the pockets of the average bettor. “If you listen to their advice, you are sure to lose.
However, Konik adds that there are some bettors who actually know how to beat the bookies. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
Another difference between squares and sharps is how they approach betting on game day.
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. “Thus, the bookies love and cherish the squares.”
So, how much should you bet a game?
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football.
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005).
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. Otherwise, you’re better off doing your own research.”
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says.
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
10. So underdogs tend to be slightly undervalued – except by the sharps.”
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
1. “Squares usually bet later in the week and they tend to pick the favorites. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make.
There are a large variety of sports betting sites today, all with different options and bonus offers. The advent of online sports betting has made this much easier and more fun. MTS is here to help recommend the funnest, safest, most lucrative sports betting sites to reveal which sites are the real deal. In addition, the free picks section is loaded with NFL odds, betting breakdowns, tips and analysis to help football bettors make game-changing plays throughout the season and all year long.
About My Top Sportsbooks
Betting on sports has long been a favorite way to amplify the excitement and put fans right into the game. NFL season is coming soon and sportsbooks are going big, offering extra incentives to get bettors through the gate at the most action-packed time of the year. MTS’ sports betting reviews help bettors of all skill levels make an informed decision and find the best betting sites for their buck.
Whether you are a sports betting rookie, or are a pro looking to improve your online betting experience, read our sports betting reviews and start betting the smart way!
Pete Rose, 22, of the Cincinnati Reds, Feb. 24, 1999. Regular spring training facilities were also closed to the players.
Cincinnati Reds’ Pete Rose walks to the Reds dugout after he struck out in the ninth inning, ending his 44-game hitting streak, against the Atlanta Braves in Atlanta, Ga., Aug. 20, 1976. 7, 1991. Fosse suffered a fractured shoulder in the collision. He served a five-month sentence for tax evasion.
Cincinnati Reds fans sit behind a sign in support of longtime Reds baseball star Pete Rose during the Reds’ game against the Detroit Tigers at Plant City Stadium, Plant City, Fla., March 24, 1996.
Baseball great Pete Rose trades a high five with five-year-old J.D. At right is Phillies president Bill Giles.
Montreal Expos player Pete Rose in congratulated by teammates Gary Carter and Argenis Salazar following his 4000th career hit during the Expo’s home opener against the Philadelphia Phillies, April 13, 1984.
Cincinnati Reds’ Pete Rose slams his record-breaking hit fly toward left field during a game against the San Diego Padres in Cincinnati, Ohio, Sept. He returned to the city where he helped the Phillies win the World Series in 1980 to sign autographs at an annual Phillies-sponsored charity event.
Pete Rose is interviewed by NBC’s Jim Gray after the All-Century introductions during Game 2 of the World Series in Atlanta, Ga., Oct. Rose was given a lifetime suspension by the baseball commissioner with the opportunity to be reinstated in one year.
Former major league baseball player Pete Rose looks toward members of the media gathered outside the Marion Federal Prison after his release from the facility in Marion, Ill., Jan. Standing behind him are his defense lawyers Reuben Katz, left, Robert Pitcairn Jr., center, and Robert Stachler. Most players had stopped their group workouts pending developments in that year’s baseball negotiations. Both benches and bullpens emptied in the ensuing brawl.
Pete Rose of the Cincinnati Reds slides to third during eighth inning of game three in World Series action against the New York Yankees at Yankee Stadium in the Bronx, N.Y., Oct. After 14 years of denials, Rose admitted he gambled, though never against the Reds, in his 2004 autobiography.
Former Cincinnati Reds manager Pete Rose prepares to speak at a news conference at Riverfront Stadium in Cincinnati, Ohio, Aug. The Reds beat the Mets 10-2.
Cincinnati Reds manager Pete Rose rubs his eyes while watching a game, March 24, 1989, in Plant City, Fla. 23, 2002.
Former Cincinnati Reds greats, left to right, Johnny Bench, Joe Morgan, Tony Perez, and Pete Rose, tip their hats to the crowd following a celebrity softball game at Cinergy Field, Sept. NBC was deluged by complaints from fans in the hours after Gray’s interview. 22, 1980.
Phillies first baseman Pete Rose gestures as he talks about his one-year, $1.2 million contract at a news conference in Philadelphia, Pa., Nov. 2, 1982. 8, 1978.
A foul pop from Kansas City Royals batter Frank White is deflected by Philadelphia Phillies catcher Bob Boone as Phillies first baseman Pete Rose (14) moves in to make the catch in the ninth inning of a World Series game in Philadelphia, Oct. The Reds defeated the Yankees, 6-2.
Cincinnati Reds player Pete Rose (14) poses with his son, Pete Rose Jr., at the All-Star game at Yankee Stadium, New York City, July 19, 1977.
Cincinnati Reds star Pete Rose arrives in his Rolls-Royce to work out at the West Tampa baseball complex in Tampa, Fl., March 15, 1978. 8, 1973. Looking on are the Reds’ third base coach Leo Durocher, and Cincinnati Reds’ next hitter Dick Dietz (2).
Pete Rose, left, of the Cincinnetti Reds swings at New York Mets shortstop Bud Harrelson after Rose failed to break up Harrelson’s double play in Game 3 of the National League Championship series at Shea Stadium, Oct. At right is Yankees player Graig Nettles (9). Rose, whose gambling got him banned from baseball in 1989, said he feels his induction into the Hall of Fame is inevitable. It centered on Rose’s lifetime ban from the sport for gambling, and came minutes after Rose was announced as a member of baseball’s All-Century team.
Credit: AP/Michael Schwarz
Cal Ripken, left, Pete Rose, and Hank Aaron, right, are seen on the field after the three were named in some of the most memorable moments in baseball before the start of game 4 of the World Series in San Francisco, Oct. Cunningham at Veterans Stadium in Philadelphia, June 19, 1997. The rookie second baseman hit .273 to earn him the National League’s Rookie of the Year Award.
In the 12th inning of the 1970 All-Star Game in Cincinnati, Ohio, July 14, 1970, Cincinnati Reds’ Pete Rose slams into Cleveland Indians’ catcher Ray Fosse to score a controversial game-winning run for the National League team. The commissioner’s office was investigating allegations Rose bet on baseball while managing the team. 23, 2002, in Cincinnati.
. Rose broke Ty Cobb’s record of 4,192 in the first inning.
Pete Rose, Cincinnati Reds manager, laughs with unidentified players in the dugout as Luis Quinones circles the bases at Shea Stadium with his second homer against the New York Mets in New York, July 6, 1989. 24, 1989
Then he has wins over Karo Parisyan, Nick Diaz, Kenny Florian, Clay Guida and Joe Stevenson. Both of these guys are relative newcomers to the UFC heavyweight division.
There is another prop bet that I really like in terms of UFC 114 betting odds. The winner of that fight will get the next title shot against the new Light Heavyweight UFC Champion Shogun Rua. . If you can grab this line in the +140 to +160 range get it fast because it’s already came down considerably on most books. Todd Duffee made a big splash with his super fast knockout of Tim Hague. I have been using 5dimes and putting together some good parlays for cheap due to the minimum $1 bets. However Mike Russow is a very game opponent and worthy of a play in the +300 range.
John Hathaway hasn’t beaten anybody of that caliber in his young career.
So in terms of gambling and parlay advice for UFC 114 here are my recommended plays.
There are a couple straight up UFC 114 betting odds that I like and feel are worth a play or possibly being thrown into a parlay. Maybe also consider that he is +160 and +180 to finish the fight or win by decision as well. Then at UFN 21 I had Roy Nelson and Gleason Tibau as locks on that card.
- Rampage Jackson to win inside the distance at +250.
- Dan Miller and Michael Bisping going to a decision.
I’m back here today to give some advice about the betting odds for UFC 114 which features Quinton “Rampage” Jackson vs Rashad Evans. At WEC 38 I advised to bet on Aldo, Henderson and Gamburyan.
If you guys want to check my older articles feel free but I advised to bet heavily on Shogun Rua at UFC 113. – Diego Sanchez straight up anywhere in the -200 price range. His best win to date was probably a decision win against Paul Taylor. I got in there when the gambling lines on this one were in the +160 range. I’m pretty confident that Todd Duffee will likely win this fight and there is a reason he is a -400 favorite. There is good reason for that because both guys have some of the same skills.
I have on final play here looking at the UFC 114 betting odds. I’m sorry but I think that Diego Sanchez is gonna run all over this kid. Rashad Evans is no joke and if Rampage takes this fight lightly he could end up on the losing end.
Quinton “Rampage” Jackson would likely be the favorite if not for the fact that he is coming off a long layoff having shot a movie. If you feel like putting money on this fight then check out the prop bets. I feel he is a lock and will be making a considerable bet on this fight. I feel that Diego Sanchez is nearly a lock against John Hathaway. The odds have already moved fast on this one. In the -200 range this is a steal in my opinion and a great one to throw into some parlay plays. I would give the advice of putting money on Rashad to win by decision or Rampage to win inside the distance. At that price I feel there is a great chance it could go to a decision. He had decision losses to Koscheck and Fitch both top 5 welterweights and went 5 rounds against BJ Penn arguably the best lightweight in the world.
In terms of UFC 114 betting odds the fight everybody is talking about is Quinton “Rampage” Jackson going up against Rashad Evans. That is Mike Russow against Todd Duffee. This fight has pretty much been a pick’em in the books at Vegas. I say that because in his career Diego Sanchez has only lost to BJ Penn, Josh Koscheck and Jon Fitch. I’m talking about Dan Miller and Michael Bisping going to a decision. I have eagerly been awaiting for some of the odds to come out for this card and there are some good prop bets in my opinion. There is a link at the end of the article for those interesting in signing up for the best site to bet on UFC 114: Rampage Jackson vs Rashad Evans and ef=”/Mixed Mar tial Arts”>mixed martial arts in general. Those prop bets are both in the +200 to +300 range.
- A minimum bet on Mike Russow at +300 or higher at some books
Otherwise, Australia is the only country that allows online bets on sports but prevents gamblers from using the Internet to place bets during live games.
Interestingly enough, the country’s national lottery company, Veikkaus, belongs to the government and is operated by the ministry of education. Reportedly, over 75 percent of adult Canadians took part in the games last year in which the most popular games are lotteries and Scratch and Win cards.
Australia is the craziest country when it comes to gaming and gambling. Furthermore, the slot machines named pokies are the most favorite game in Australia with an estimated number of 75-80 percent of problem gamblers. In this country, gaming companies bet people on whether the central bank’s interest will increase or not.
Gaming Losses Per Adult: $517
Singapore offered the very first casino some years ago which then became the world’s third largest-gaming center after Macau and Las Vegas. Although the government has imposed an entry fee of S$100 ($80.50) for citizens entering the casino, the country’s gaming revenue is expected to hit $6.4 billion in 2011 and outpace Las Vegas.
Gaming Losses Per Adult: $568
The most favorite gambling activity in Italy is electronic gaming machine. According to business advisory firm MAG Consulenti Associati, the electronic gaming makes up half of Italy’s total gaming revenues in first half of 2011.
Gaming Losses Per Adult: $1,288
The potash-rich province of Saskatchewan is home to the biggest gamblers in Canada. Most profits go to education, arts and culture.
Gambling’s Famous Icons
Gaming Losses Per Adult: $1,174
Las Vegas is well-known as the gambling industry of the world; however, American people are not the biggest gamblers on Earth. H2 Gambling Capital has released the list of biggest gambling countries due to average gaming losses.
Most used parts are perfectly safe and will work just as well as their new counterparts. If you are a backyard mechanic and have an ATV, chances are you have considered tinkering with it to improve performance or just to make it your own. Always remember to inspect used parts before you buy them and yes, it is ok to haggle to get the best price while in the ATV salvage yard.
You can expect to pay less for a used part than for its new counterpart, so if you do not know what to expect price wise for a specific part look up the new price and expect to pay anywhere from 10% to 50% less, sometimes you may get an even better deal. You should stick to places close enough for you to go to so that you can inspect any parts before you buy them.
Buying used parts can be quite economical as you can find may great parts at a faction of what they cost new. If you do not want to pay retail price for a part, especially one that will not be seen, you should consider looking for an ATV salvage yard in your area.
If you are very handy, you can even buy a used ATV at a great price if it has mechanical problems and then fix it with parts from an ATV salvage yard. There are many places you can find parts for your ATV, and finding them can become half the fun. You can also use the internet to search for ATV salvage yards in your area. If you live in an agricultural or hunting area, or have an ATV race track nearby, chances are you can find an ATV salvage yard nearby. If you are concerned about using a used part on your ATV, you should consult other ATV owners, there are many ATV forums online whose users will be happy to give you advice.
An ATV salvage yard is a great place to find parts to fix your ATV or to find parts to improve its performance. They will probably know of any salvage yards that specialize in ATV parts or they may even have ATV parts themselves. You can save a lot of money this way as long as you know what you are doing and do not mind doing the work.
One of the best things about buying used parts is that you can always bargain and try to get n even better deal. You should always thoroughly inspect any used part you are considering buying as it may not be worth it, as you may have to spend more money just to get the part in working condition.. You may also be able to get a discount if you buy more than one used part, something that rarely happens if you are buying new. If you are tinkering on your ATV for a hobby or are on a budget, used parts can be very economical.
If you do not know where an ATV salvage yard in your area is, the best place to start is your local junk yard or car salvage
There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.
Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.
Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.
Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.. Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.
As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes. Online betting sites with “racebooks” set the greyhound racing betting odds.
The odds are available through the race and are created by the sports books. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.
How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.
The important odds to consider are the first, second and third for most bets that are being made