Title says it all.
In conversation, I said to someone, I bet you $10 that doesn't happen today. They responded, "you'd have to give me odds."
Not that we were going to hold each other to the proposed bet anyway, but can someone please explain what this actually means and how it would occur?
Giving odds, I'm assuming, means that my outcome is more likely so I have to entice the other participant, but if we were to play out this scenario, how would it actually work?
Would giving odds mean that he gets $10 if it doesn't happen and I get 2:1 odds ($5) if it does happen?
I've heard this used a number of times before in conversation and just laugh it out and move on but always ponder it later.
Or your 15 to his 10 (1.5 to 1 odds)
Or your 20 to his 1 (20 to 1 odds)
You get the point.
Or your 15 to his 10 (1.5 to 1 odds)
Or your 20 to his 1 (20 to 1 odds)
You get the point.
Got it, so in conversation, I would say something like, okay, 2:1, and then it would be assumed that if it happened, I get $5 and if it doesn't, he gets $10?
Quote:
It could be your 10 to his 5 (2 to 1 odds).
Or your 15 to his 10 (1.5 to 1 odds)
Or your 20 to his 1 (20 to 1 odds)
You get the point.
Got it, so in conversation, I would say something like, okay, 2:1, and then it would be assumed that if it happened, I get $5 and if it doesn't, he gets $10?
Correct most likely on the $10 bet you would pay him $20 if $10 was the marker and you lost. You would collect $10 if you won on 2:1 odds
and then based on the response you decide if you think you would gamble that.
and then based on the response you decide if you think you would gamble that.
gidie, thank you.
Morning slowness + lack of gambling experience = simply confused post