Wagers made between individuals, peer-to-peer, are older than money, back when barter was the method of trade and gambling. Betting involving go-betweens called “bookmakers” is less than 200 years old. But it is only in the past decade or so that true “betting exchanges” have made their appearance, allowing individuals to go back to one-on-one wagering, primarily via the Internet.

1. 100 To 1 Odds Payout
2. 100 To 1 Odds Calculator
3. 100 To 1 Odds Meaning
4. 100 To 1 Odds Meaning

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In 2000, a U.K. web site called Flutter.com began matching up punters. It was soon followed by betfair, who initially called their version “open market” betting, but soon changed it to “betting exchange” and eventually swallowed up Flutter.com to become the dominant force in the fledgling industry.

A betting exchange is similar to a bookmaker or sports book in that it allows bettors to wager on various events. However, there are some significant differences, not the least of which is that the exchange sets no odds. Nor does it assume any risk. Instead, betting exchanges make their income off commissions, which they take as a small percentage of net winnings from every customer on every event or market.

In return for this commission, the betting exchange acts as a matchmaker and a clearing house. It pairs up bettors on either side of a wager, hold their stakes until the results are known, and issues the winning payouts. It also maintains records, not only of the wagers but also of the events that are bet on. It contains a massive archive of information that savvy punters can use to their advantage.

What is especially beneficial to experienced handicappers is the ability to set their own lines. The betting exchange takes no position on odds, spreads, or even what markets are available. It is entirely up to the subscribers to make all of the offers.

100 To 1 Odds Payout

For example, if a bettor wants to offer 100-to-1 odds on England winning the 2014 FIFA World Cup for up to £100 in wagers, the exchange will post it exactly that way. If another bettor offers the same market at 120-to-1 odds, the exchange will post that, too. Other subscribers can take their pick of the two, obviously going with the higher payout. This breeds competition and a completely free market for wagering.

Some betting exchanges, such as betfair, have used European decimal odds rather than traditional U.K. fractional odds to list the markets. This practice differentiates them somewhat from bookmakers. Others have introduced a toggle that allows the subscriber to move back and forth between formats, and some have American-style plus/minus three-digit odds available, too.

Another aspect of betting exchanges that attracts wagers in large numbers is the ability to “lay” odds. In traditional wagering, bettors can only wager on an event happening, such as a team winning a game or an individual winning a tournament. Laying odds allows them to offer a wager on something not occurring, such as a certain golfer not making the first round cut, an underdog failing to cover the spread, or a football club not being relegated. All it requires is another subscriber willing to be the “backer” of the bet and take the other side.

In-running betting or “live” betting is also a special strength of betting exchanges. Virtually every aspect of a game or event can be wagered on as play occurs—which side will score the next goal, whether a golfer will sink a long putt, who will win the next point in a tennis match—and the bigger the audience the more opportunity to find backers or takers for any offer.

One might wonder if there are enough individuals using betting exchanges to support such a system, no matter how easy or flexible it might be to use. However, private punters are just one source of the action at a betting exchange. Another major source of action are “traders” who use the exchanges to balance the action for bookmakers, hedge large bets, and take advantage of discrepancies between the odds offered at traditional sports books. There are no limits set on wagers, other than how many bettors are willing to risk going one-on-one.

WINNING BIG AT ONLINE SLOTS ~ WHAT ARE THE ODDS?

Published: January 28, 2014

One of the undeniable lures of playing online slot machines like those offered by Microgaming is to hit a large jackpot; a life-changing jackpot. While games like blackjack or roulette can be fun and could lead to some nice winnings over time, there's really no chance of ever striking it rich playing those games, without an incredible string of good fortune. However with a progressive slot machine, all it could take is one pull of the virtual slot machine arm, to strike it rich.

100 To 1 Odds Calculator

But just what are the chances of doing so you might wonder? Are they akin to winning the lottery, or do you actually have a realistic chance? Well, realistic might be too strong a word, but the odds are certainly better than winning the lottery, which often have odds of over 100 million to 1.

The odds aren't nearly as high on a slot machine. Let's take a 20 symbol, 3 reel machine as an example. While the odds would tecnically be 20x20x20 for landing all 3 jackpot reels, which would be a very low 8,000 to 1, the jackpot symbols in most slot machines are weighted to land at about a 64 to 1 rate, giving us odds of about 262,100 to 1 for hitting a jackpot. While that may seem high, don't forget that you're often playing more than one payline with each spin, and many players easily play hundreds of paylines a day. Now the odds aren't looking so terrible all of a sudden; certainly within the realm of being a realistic possibility.

100 To 1 Odds Meaning

Of course for 4 or 5 reel slots, the odds of striking the jackpot are much higher; over 16 million to 1 for a 4-reel machine, assuming 64 to 1 odds of the jackpot symbol landing on each reel, which is not a given. Again, high odds, but you have the opportunity to play many more paylines with each spin, and could conceivably play hundreds or even thousands of paylines daily.

100 To 1 Odds Meaning

Lastly, many people want to know if there's anything they can do to improve their odds at winning at slots, and the short and easy answer is no. Avoid the stress of trying to 'beat' the machines, and simply enjoy them for what they are.