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Betting - someone explain something to me
Felipe Massa was evens on one betting site to finish on the podium yesterday at Silverstone.
He was 2/1 to finish outside the podium on another betting site.
Is it right that if I stuck the same sum of money on both outcomes that I would either get my money back if he finished in the top three but doubled my money if he finished outside?
I have no concept of betting really. If I stuck £600 on at 2/1, what is my total return? Is it £1200 or £1800 (this including my £600 stake?)
All confusing for someone who doesn't bet. Saw this on another site.
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