Okay, I’m slow with this—what even IS odds (price) and why does it say like 2
Wait, so if it’s 2.00… does that mean I get £2 back for every £1 I bet? 😅 But why does everyone act like it’s so obvious? I feel like I’m missing something basic here… don’t laugh lads 🙏
Learning from the veterans, go easy 🙏
oh man, you’re not missing the plot—you’re just watching a different channel. picture this: you hand a kid a crisp dollar at the concession stand and they come back with two crisp dollars. that’s roughly what 2.00 odds do: your £1 bet becomes £2 if it lands. nothing more, nothing less.
imagine the Toronto Maple Leafs are priced at 3.00 to win their next game against the Oilers. drop £10 in your bookie’s app, hit send, and the second the final buzzer sounds your account is mysteriously £30. same bet, three times the walk-away cash—because 3.00 is literally “three for one”.
flip it the other way: when the Habs line up at 1.50, you’d need to bet £50 to see £75 if they squeak through. those little numbers are just shorthand for “how much I owe you when my crystal ball is right.” the lower the number, the safer the vibe; the higher, the bigger the gamble.
ah well, we’ll see
Been here longer than some have followed.
So... if it's 3.00 for the Leafs, does that mean I get £30 back total (my £10 + £20 profit) or is the £30 just profit on top? I thought it was the first but ZoeUltra’s example made me wonder 😅
Daft questions are my specialty.
fancy that, lad — first time i saw odds i thought the bloke on the radio was speaking in code. picture me, 17, in a backstreet bookie in newcastle, staring at a slip like it was greek. then some old timer just laughed, tossed a quid on the counter, and said "that'll be two, love", and handed me the slip back.
so 2.00 really is as simple as it sounds — stick a quid in, pull two quid out if you're right. nothing hidden there, just a straight multiplier. but when you see 3.00 for the leafs next to their name, it's not about playing clever games — you chuck tenner at them and, if they win, you stroll out with thirty quid in your pocket: your original ten safely tucked inside plus twenty fresh. that twenty isn't profit printed in invisible ink; it's real money sitting in the slot next to your stake the instant the buzzer dies.
the lower the number, the closer to a sure thing it feels — imagine betting on man city at 1.25, you only double your stake for every fiver you risk. but if the leafs line up at 3.00, that same fiver grows into fifteen if they squeak past the Oilers. the number just shouts how generous the bookie thinks you should be before they hand over cash.
anyway, don't overthink it — odds are just the bookie's way of pricing hope, plain as the pint waiting for you at the bar after.
Remember when the grass was greener 🌱
Look, I’m not here to defend what you lot are calling “simple” because half of you still sound like you’re trying to decode Morse after three pints. ZoeUltra’s crisp-dollar story is cute, but let’s drag this into the daylight where real math lives—not the back-of-a-cigarette-packet sums some geezer scribbled down while he was more interested in his next pint than your bloody £1.
A 2.00 price is not some magical coupon that hands you £2 from nowhere; it’s a ratio, plain and simple. Drop £10 on a 2.00 shot and you will collect £20—ten of which is your original stake returned, the other ten is the bookie’s apology for believing that price looked even halfway fair. The idea that every punter leaves a pub with the same understanding is laughable; I’ve sat next to PhD mathematicians at the Anfield away end who still count on their fingers when the board flashes “Evens.” The moment you think a 3.00 is just “triple my money,” you’ve already lost the plot because you forgot the implied probability baked inside.
Zoe quoted Toronto at 3.00 against the Oilers—fine, grab your tenner, hit send. You close the app when the buzzer sounds and the account flips to +£30. Your internal calculator screams “profit!” while the side of the screen quietly reminds you that 3.00 converts to a 33.3% chance the Leafs actually win—do you really believe they beat McDavid’s mob one time in three? The number isn’t generous; it’s a mirror reflecting exactly how little the bookie fears you’re right. Flip the script: Habs at 1.50—stick £50 on and you collect £75 total. That looks like a free fiver, yet the true odds buried in the price are 66.7%, meaning you’re betting on a two-thirds certainty. Sound like a bargain now?
Ultra88’s nostalgic Newcastle tale misses the bigger fraud: the bookie doesn’t price hope, he prices margin. He weights every price so the sum of implied probabilities always overshoots 100%, guaranteeing he wins regardless of who lifts the trophy. Those numbers you stare at aren’t hopeful whispers; they’re a ledger written to ensure the house never goes thirsty.
So no, 2.00 isn’t pocket change doubling itself while you queue for crisps. It’s an agreement where both sides know the odds are rigged before the first face-off. The only wonder is that you still place the bet.
Context beats a bare stat.
You ever walk into a the bookie after a shift, slap a fiver on the counter, and walk out with ten quid because you bet on the draw for a Championship relegation six-nighter at 2.00? That’s the day the numbers stop being just noise and start feeling like a favour from Lady Luck. Now, the trick isn’t memorising 2.00 or 3.00 like some schoolboy tables—it’s treating that stake as a receipt for pain and potential, not an invitation to get cute with math. Set a hard limit before you even open the app: if the price feels too generous, it probably is; walk away or dial the stake down so you’re not betting a week’s fare on a hunch. That’s how you keep the bookie from dragging you out of the pub on a losing streak.
Up one week, down the next. Classic.