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You’re right, it looks confusing.
The website says 'the bet must be placed on odds of 1/2 or more'. I think maybe they have just worded it badly. I assume they're saying the bet must be placed on odds of 1/2 or shorter as 7/5 would be longer and they say i can't use these odds for the bet.
In what sense “more than”?
Yes 7/5 has a lesser chance of winning but a greater return if it wins compared to 1/2.
I think you’re confusing the terms “greater” and “less”. A horse that has a low probability of winning would have longer odds giving you higher returns if you win, whereas the favourite (the one with the highest probability of winning) would have the shortest odds meaning your returns if you win are the smallest. In other words, greater chance of winning = lesser returns if you win, lesser chance of winning = greater returns if you win.
This is where my confusion is because the website (think it's Ladbrokes) said 7/5 isn't more than 1/2. That's why i was asking here because i assumed it would be. I think i'm going to have to send them another e-mail to get them to clarify this.
1/2 means if you bet £1 and you win, you receive £1.50 (1/2 × £1 = £0.50 plus £1 stake).
Why is it not correct? Most bookmakers here use fraction notation.
Think of it this way. If you bet £x you will earn £1.5x if you win. Now stake the same amount (£x) on the odds you’re looking at. If your earnings are more than £1.5x, then those odds are longer than 1/2. Otherwise they are shorter.
No, he’s phrasing it in a way I understand very well.
Ah okay i think that's the case because i asked the website by e-mail if 7/5 (this is what i wanted to bet on) would be more than 1/2 and they said it wouldn't. I was confused because i thought the 'more' was referring to the return. So 'more' than 50% profit return. I think you're right that they mean i have to bet on a favourite at 1/2 or 'more' which means an even greater favourite like 1/10 for example.
Hmmm, I have lived in Vegas for almost 100 years and that is not the way it is posted here.
That's just the way they write it on betting sites. I can't access betting sites at the moment as i'm at work but here's a copy/paste from a google search:
Yes but you are phrasing it in a very unorthodox fashion.
Yes that's what i said in my last post. See:
That's not answering my question though.
That is saying player 2 is 10:1 against.
I think we're getting crossed wires here. I understand what you're saying but i think because of the way i've written the betting odds you don't understand what i'm saying. I'm not 100% sure how bookies write betting odds on their website so i could be writing it incorrectly. I thought it is written as 1/2 but could be wrong and maybe it's 1:2 or something like that.
If he says it is 2 to 1 against when you bet 1 unit you get paid 2 units.