Betting - someone explain something to me

[Chris_Royle]

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.

[keysaint]

If you bob 600 quid on at 2/1 you will get 1800 back (1200 profit plus your original stake back).

[Jose Jones]

yeah, so if you'd put 600 quid on both bets - total outlay £1200:
Massa finishes on the podium at evens - get £1200 back - breaks even
Massa finishes outside the podium at 2-1 get £1800 back - £600 profit

If you've got a massive wedge and plenty of time to chase the odds you can make a fair bit on these free bets.

[Chris_Royle]

Nice one. The way I'm seeing it is that this may only be possible where there are only two possible outcomes in a sporting event i.e finish on podium or not.

Any ideas as to what sports this type of betting works for?

[co1-lfc]

Sometimes find it with the boxing and football outcomes if your willing to trawl the various betting sites, my mate works fixing/changing the odds in Stoke and he reckons it's the obscure sports where people tend to make more as the research into them isn't as extensive, also betting on corners/free-kicks & throw-ins is big business too.

[Newport]

Originally Posted by Chris_Royle

Nice one. The way I'm seeing it is that this may only be possible where there are only two possible outcomes in a sporting event i.e finish on podium or not.

What if someone doesn't finish the race? Which also is possible in F1.