Blackjack Calculator Hand & Strategy Calculator

Super High Five – This is an extremely difficult wager to win, because you must successfully select the top five finishers in a single race in exact order. A Super High Five Box is less common to wager because of the cost. For example, a $2 box with five horses would cost $240. The payoff for hitting a Super High Five is generally substantial. On the other hand, the more complicated the bet, the higher the risk and the greater the potential profit which can be made. That same horse that was 2/1 above could still be a part of the big payout.

Paddy Power are among the major firms who also offer a free odds calculator online. BetMentor is an independent source of information about online sports betting in the world, not controlled by any gambling operator or any third party. All of our reviews and guidelines are objectively created to the best of the knowledge and assessment of our experts.

How to Use the Horse Racing Calculator

If the horse finishes fourth or worse, then you have lost your show bet. Place – You are making a single bet on a horse to finish first or second. If the horse wins or runs second, you collect what you wagered plus your winnings. If the horse finishes third or worse, then you have lost your place bet. Win – You are making a single bet on a horse to finish first. If the horse wins, you collect what you wagered plus your winnings.

Once you’ve done this, you’ll be able to lay your bets with Matchbook directly from the Outplayed Oddsmatching software. Once you’ve connected your Matchbook account, you can place your lay bet simply by clicking the “Place Lay Bet” button that will show on the calculator. That’s why it’s called a betting exchange; people are exchanging bets allowing you to place back or lay bets. Online bookmakers frequently offer free bets; firstly as a “welcome” offer when opening an account with them, but also continuously as “reload” offers in an attempt to keep you betting with them.

Stick to doubles, trebles, or four-folds to keep the odds manageable and reduce the impact of one unexpected result ruining the entire bet. Matched Betting works by placing two types of bet; a back bet and a lay bet. These two bets complement each other to cover all possible results, allowing you to lock in a profit when using a free bet or bonus. Sports betting with horse racing sportsbooks is easier when you know the total cost and payoffs of your bets.

Pros and Cons of Parlay Betting

If you’re one of the many people with a favourite type of bet, the Quick Bet Calculatorsremove the need to reselect the bet type and add more selections whenever your bet details are cleared. Bookmarking your preferredbet calculators on your home screen or desktop, also allows you to return directly to the relevant web page with a single tap ordouble-click. A dead heat is a rare event where the winning position in a competition is shared among multiple contestants.

Step 2: Enter Odds for Each Bet (Leg)

While it is often the first two races on a card and the last two races on a card, it has become more common throughout most race cards. Because of the added risk, a winning $2 Daily Double wager would pay more than a $2 Win bet in each race. Automated tools like the BetBurger parlay calculator are no longer optional accessories — they are foundational infrastructure for informed, disciplined betting. They allow bettors to spend less time on arithmetic and more time on analysis, line shopping, and strategy.

MLB Betting Tools

New visitors may also find thedetailed Betting Glossary and Help pages useful. Large Accumulators and perms of up to 20 selections are accepted, with dead heat, joint favourite and Rule 4 options providing fullsupport for greyhound and horse racing bets. A -135 favourite means you must wager a £135 to win £100 from the bookmaker.

Convert free play credits into real money efficiently. Essential for long-term profitable betting strategies. Determine optimal bet sizes based on your edge and bankroll.

The vast majority of Matched Betting profits come from existing customer reload offers, rather than sign-up offers. You’ll also be fine to do all of the reload offers that a bookmaker offers, even if you already have an account with them. If you already have some bookmaker accounts it just means you won’t be able to take advantage of their sign-up offers so you’ll need to skip them and move on to the next available offer. You don’t need any knowledge of sports or betting to do Matched Betting. At Outplayed we teach you everything you need to be successful at Matched Betting. You don’t need to worry too much about the ins and outs of this at this stage but essentially with free bets, you want to look for selections with higher odds and an SNR rating of around 75%+.

Save Time with an Odds Matcher

Learn how to lay multiples and ‘Money Back if Bet Loses’ bets so that you can profit from a broader range of sign up offers. They offer higher payouts but come with increased risk since all selections must win. Convenience means having a clean, accessible tool that works across devices without requiring registration, downloads, or subscriptions. The best parlay calculators are available instantly in a browser.

Calculate payouts for large accumulators and combo bets. Most bookmakers adjust the bet by removing that selection and recalculating the odds if one leg of your accumulator is void, such as due to a cancelled match or disqualification. The accumulator still stands, but the potential payout decreases to reflect the reduced number of outcomes. Always check your bookmaker’s terms for void bet rules. Next, keep the number of selections in an accumulator low. The probability of winning drops sharply with every additional leg, as the bookmaker’s margin increases with each bet added.

Free Sports Betting Tools & Calculators

Remember, the odds quoted by the bookmaker represent the Bookies liabilities on an event, not the true odds of an outcome. Odds are defined as the number of occurrences of a particular event expressed as a proportion of the number of non-occurrences. For example, if a horse runs in the Grand National and is priced at 5/1. We should expect him to win once in five attempts at the race.

Soccer punters need our Asian handicap calculator for complex handicap lines and our accumulator calculator for weekend parlays. The arbitrage calculator is perfect for finding value across different bookmakers. Calculate returns for Yankee bets (11 bets on 4 selections). The Number of Selections value is automatically updated when you switch between different bet types,if the current value is less than the minimum required for the type of bet. Understanding the significance of the house edge will help you place your bets wisely, as it can differ for each bet you make. The larger the house edge, the more likely the sportsbook is to win over a long period of time.

If you’ve attended a popular race like the Cheltenham Gold Cup, you can’t help but notice the ever-changing odds boards displayed by the on-course bookmakers.
So a 10 stake bet with 2.0 odds will give a return of 6.67 — one-third of the original 20 — if a three way dead heat situation happens in the event.
Even if you reset the calculator, it will still keep your preferred theme and odds type.
I have been using Outplayed for 4 months now and it has been worth every penny.
In this instance, a £10 winning bet on a 5/1 play means you would receive £60, with £10 of that being your original stake.
If you’ve placed your free bet, you can now go to the integrated calculator and then click the “Place Lay Bet” button to place your lay bet with Matchbook.
We recommend Matchbook as they’re a great option for newbies and you can pay 0% commission by using this link.
A single chunky wager can dramatically reduce the odds.
For example, combining four bets at 2.00 odds would result in a cumulative return of 16.00 (2 x 2 x 2 x 2), significantly higher than betting on each individually.
Sports betting odds help those who want to place bets on a particular game or event by letting them know which team is the favourite and which is the underdog.
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.
Matched betting is a simple betting technique that takes advantage of bookmaker promotions to make a profit no matter the outcome of the event you’re betting on.
The BetBurger Parlay Calculator is clean, fast, and supports all major odds formats without requiring an account.
The odds can change minute by minute; horses can drift in the odds or shorten.
When using free bets, higher odds mean more profit – however, the higher you go, the more money you’ll need in your Matchbook account to be able to cover the cost of your lay bet.

Select bet type

SNR stands for “Stake Not Returned” and is used when placing free bets as, in almost all cases, free bet stakes are not returned in any bookie winnings.
You don’t know yet how much you need to stake at Matchbook to even out your bets.
Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.
Continue with the ‘Bet X, Get Y’ strategy to make another £45.
For example, if a horse runs in the Grand National and is priced at 5/1.
Do you want to limit the amount you spend, and need to be able to work out the unitstake?
Let’s look at your overall profit/loss for the potential outcomes.
The odds (to win) represent the likelihood of each horse coming in first place in that particular race.
A bettor selecting four teams to win in an accumulator combines the odds of each outcome into a single bet.
An overview of the three main pros of accumulator betting is given below.
We find bets where the sportsbook is offering better odds than they should.
Modern bettors operate across multiple bookmakers, markets, and odds formats simultaneously.

For example, if the three horses that finish in second, third, and fourth in that same race are all longshots, the Superfecta payout would likely be substantial. The payouts or results of a race are posted shortly after the race is run and declared official. The winner will have a payout for win, place, and betfair expert fee show. The second-place finisher will have a payout for place and show.

Educational Guides

Calculate optimal hedge bet amounts to guarantee profit or minimize losses on existing wagers. Instantly convert between American (+150), Decimal (2.50), and Fractional (3/2) odds. Total – the number of participants finishing in the same position. In theevent of a double dead heat you should enter 2, and in the (unlikely) event of atriple dead heat you should enter 3. For example, to perm 4-Folds from 6 selections, set the Number of Selections to 6, and then change theAccumulator Fold Size to 4. Finally there are American odds, otherwise known as moneyline odds.

Fractional Odds

For example, Bet365 offers full, partial, and even automated cash-out on multipliers. You are allowed to accept the current offer, withdraw a portion or set auto thresholds. William Hill provides a similar “cash in” feature where you are able to take back part or all of your bet before completion. The house edge and best strategy is often overlooked by players. We have used mathematical probabilities to work out the best moves to make.

A bet calculator is an essential tool in the modern punter’s toolkit. It removes complexity, eliminates errors, and allows for better planning of your betting activity. As betting continues to grow in sophistication, having a reliable calculator to hand is no longer a luxury – it’s a necessity. These features are especially useful for those betting on horse racing or greyhounds, where rules and deductions can affect final payouts. Accumulator insurance protects you when an otherwise successful accumulator is let down by a single losing leg.

Does this handle acca insurance (one leg loses)?

Matched betting is a way to make guaranteed profits from bookmaker free bets and bonuses. It involves placing multiple bets on the same event to cover every possible outcome. Daily Double – This is a parlay bet involving two consecutive races.

Coral offers new customers a £20 free bet when they place a bet of £5. Now you go ahead and set up your Coral account, using this link to ensure you are directed to the correct offer. If you can tick all of these off, you’ll be ready to get started with your first offer following our step-by-step walkthrough to Matched Betting. For example, in a football match there are three possible outcomes – a home win, an away win, or a draw.

You can take advantage of Outplayed’s profit tracker, which comes free with your membership. As your experience grows, so will your confidence and this is important before attempting some of the more advanced and complex offers. Just double-check your back stake, which should be set to £20 as you have used a £20 free bet. The Oddsmatching software shows that the odds for Wolves are close with back odds of 5.50 and lay odds of 5.80. As you can see, regardless of whether Brighton win, lose or draw, you’ll make a slight loss of no more than £0.09. You can see your liability is £3.44, and it’s good practice to check this figure against the expected loss on the calculator.

Latest Horse Racing Picks

If your parlay has more legs, click “Add Bet” to insert additional fields. There is no hard limit on the number of legs you can add, making it suitable for everything from simple 2-leg parlays to complex multi-selection accumulators. For example, you might parlay three NFL game outcomes into one ticket. If you correctly predict all three, your winnings are significantly larger than if you had bet on each game individually.

Now you know the basics, let’s walk through how to make a profit from a real new customer signup offer, step-by-step. You can also make over £1400 from casino welcome offers and a further £300 – £1000+ a month from casino reload offers. Beyond this, you can make in the range of £300 – £1000+ a month from reload offers for existing customers.

If you stake $100 on this parlay, your potential payout would be $737.10 — a much larger return than betting $100 on each event separately. Of course, all three bets must win to collect that payout. The matched betting calculator at Profit Accumulator is also fully integrated with other tools, including the oddsmatcher and profit tracker. Plus, the calculator features an advanced mode, which makes it really stand out from other matched betting calculators that are available. The calculator at the top of the page does all these calculations for you (and more!).

Accumulator Calculator

The Settings menu allows you to adjust the odds format and type of stake to match your betting preferences.
The results display should be clean and unambiguous, showing combined odds, total payout, and profit in clearly labeled fields.
Pick 4 – Picking the winner in four consecutive races to cash in on this wager is not easy, and because of this, the payouts can begin to get quite large.
If your parlay has more legs, click “Add Bet” to insert additional fields.
When you place any bet, the odds you get determine how much money the bet will win.
If the promotion terms say your stake will be returned, check ‘Stake returned’ to adjust the calculations accordingly.
The calculator will automatically compute the total stake depending on your bet type and the number of lines it involves.
The most frequently calculated are single and different accumulators.
Bookmarking your preferredbet calculators on your home screen or desktop, also allows you to return directly to the relevant web page with a single tap ordouble-click.
A bet calculator is an essential tool in the modern punter’s toolkit.

If you back the home team to win at the bookmaker, this covers one outcome. Betting exchanges (like Matchbook) are very similar to bookmakers, with one key difference. Instead of betting against a bookmaker, you bet against other people.

When used in conjunction with the Maximum Total Stake setting, it can also ensureyou’re only comparing bets of roughly the same cost. Many bookmakers will only apply a bonus to bets that consist entirely of horse racing and/or greyhoundselections (except ante-post). Some bookmakers will apply bonuses to bets containing selections involved inother sports, but they may restrict them to certain markets.

In football, this usually means combining outcomes from different matches – such as match results, goals, or Both Teams to Score (BTTS) – into a single bet. A common way for those new to betting on horse races is to start out with simple bets such as win, place, or show. If you place a wager on a 2/1 favorite in a given race and he wins, he will pay approximately $6.00 to win, $3.60 to place, and $2.80 to show for a $2 wager in each.

The Bet Calculator App for Bets with Rule 4 Modifier

The payout is almost always smaller to show than to win, because the risk of losing is not as great.
The larger the house edge, the more likely the sportsbook is to win over a long period of time.
See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.
The Rule 4 deduction is applied as a percentage based on the odds of the withdrawn horse.
Accumulators deliver better results for experienced bettors.
Shows exact payouts for favorites and underdogs in any sport.
Below the liability figure on the calculator, you’ll see the profit you’re locking in from this free bet.
Yes, all our betting calculators are fully mobile-responsive and work perfectly on smartphones and tablets.
Both approaches help reduce frustration and losses when just one match prevents a winning bet.
The bookies endeavour to frame the odds so that they walk away with a profit regardless of the outcome.
Pick 6 – A very popular wager in the United States, this bet is cashed by picking the winner in six consecutive races.
Bet Hero is not a casino, sports book or gambling operator and does not accept or place wagers of any type.

A +350 outsider means by placing a £100 bet you could win £350, £100 of that being your original stake. The odds can also help us to understand the value provided by the bookmaker. Sports betting odds help those who want to place bets on a particular game or event by letting them know which team is the favourite and which is the underdog. Knowing what to do and when to do it can make all the difference between winning and losing when it comes to sports betting. For each selection within your bet, input the corresponding odds. Sports betting calculator will accept odds in fractional or decimal form.

Decimal odds (e.g., 2.50) are the most common globally and represent the total return per unit staked, including the original stake. They are the easiest format for multiplying in a parlay calculation. These calculators are designed to make Matched Betting offers as quick, simple and profitable as possible. Free bets & promotional offers are only available to new customers, unless otherwise stated. Wagering requirements and other terms & conditions apply.

To work out your bet you’ll need to enter the odds you’re getting from the bookies…
On their platform, you place a five‑leg accumulator with each leg at 1.20 or higher, and your stake (up to a £20 limit) is refunded as a free bet if just one leg fails.
The cash out feature functions similarly to accumulator insurance, which refunds your stake if only one leg loses, but gives you more control, letting you decide exactly when to exit.
Simply select the bet type, enter your stake and odds, and choose the outcome of each selection.
You’ll then be able to apply the same process to any similar offer and make a profit no matter what the outcome is.
All of the most popular bet types available from both online and high-street bookmakers are supported, with options to adjustvarious parameters to reflect your bookmaker’s settlement rules.
In this example, the odds are 1.67 for Brighton to beat Sheffield United at Coral, which is your back bet.
If you or someone close to you is struggling with gambling addiction issues, contact GAMBLER or any of your local gambling addiction helplines for assistance.
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You can choose different bet types from the first dropdown and change the odds type to decimal or American (moneyline) if you prefer that in the second dropdown.
You can then place a lay bet on the home team at the betting exchange so you’re also betting that the home team won’t win, which covers BOTH the away win AND THE DRAW outcomes.

Rule 4 only affects the odds, and not the stake or number of bets. In the bet calculator, you can apply Rule 4 to each selection if necessary. Most bookmakers add a bonus to certain bet types when a particular criterion is met, such as all winners,but there are often conditions attached. And they’re expressed as a ratio, such as 5/1 (pronounced five to one).Breaking it down, that means for every £1 you bet, you can win £5 in profit. In this instance, a £10 winning bet on a 5/1 play means you would receive £60, with £10 of that being your original stake. The next time you’re unsure about your potential return, don’t guess – calculate.

Across the Board – This is another common bet in the U.S. racing, which is a quick way to say that you want to bet a horse to win, place, and show. If the horse finishes 2nd, then you collect the place and show bets. If the horse finishes third, then you will only collect the show bet. Show – You are making a single bet on a horse to finish in the top three. If the horse wins or runs second or third, you collect what you wagered plus your winnings.

However, if you’re curious or need to know how to calculate lay stakes for matched bets manually, here are the formulas. This calculator is for making a profit from a range of offer types, the most common being ‘Bet X, Get Y’. I recommend working through my Matched Betting Guide so you can fully understand the matched betting process and its use.

Expert Italy Serie A Predictions & Betting Tips: Your Ultimate Guide

The payout is almost always smaller to show than to win, because the risk of losing is not as great. Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Bet Types, Each Way Betting, and Rule 4 Explained

We have implemented a couple of features for the bet calculator app that will make your life easier. The darker colors are perfect for low light conditions at night, while the brighter colors fit well for a sunny day out, at eg. The race track.You can also select a sportsbook right after a bet calculation from the quick-select row with the top offers available from trustworthy sportsbook operators. If a bookmaker site requires a bonus code for their welcome offer to work, you will also see a bonus code box, which will copy the code to your clipboard after you click or tap on it. Unlike a standard matched betting calculator, this tool handles multi-leg accumulators (2–8 selections) where combined odds and exchange liability can quickly get complicated. Welcome to TopEndSports’ complete collection of 30 free sports betting calculators and tools – the most comprehensive suite available online.

It’s triggered when a qualifying accumulator, typically consisting of four or five selections at minimum odds, ends without just one successful pick. Football accumulators work by multiplying the odds of each leg, offering the potential for high returns from small stakes, but with increased risk. Betting exchanges make money by taking a small commission from winning bets, usually between 2 – 5% of the winnings. Our Matched Betting calculator takes into account this small amount when working out your stakes. Bookmakers only offer you the chance to place back bets but when you use the betting exchange, you’ll be placing lay bets. Doing this allows you to cover all of the outcomes of an event using only two bets (even if there are more than two outcomes).

ARE ODDS AND PROBABILITY THE SAME?

For a successful football accumulator betting strategy, manage your bankroll, keep selections realistic and limited, and consider insurance or system bets to reduce risk. The wagering public sets the betting odds in horse racing. The odds (to win) represent the likelihood of each horse coming in first place in that particular race. The more money that is bet on a horse, the lower his odds become.

Why use the blackjack strategy calculator?

Of course, the more time you can put in – both to learning and doing – the more you’ll get out of it.
When it comes to professional-grade betting tools, BetBurger is one of the most respected names in the industry — known primarily for its surebet and valuebet scanning services.
If the horse finishes 2nd, then you collect the place and show bets.
Before diving in, you must go about things correctly and set good habits early on.
This feature allows bettors to take slightly higher risks or add a little extra value, knowing that a single upset won’t completely wipe out the wager.
We have in-depth video guides, 7-day-a-week customer service, a busy forum filled with experts and all the software required to make the process as easy as possible.
Now you know the basics, let’s walk through how to make a profit from a real new customer signup offer, step-by-step.
Coral offers new customers a £20 free bet when they place a bet of £5.
The main cons of accumulator betting include low probability of winning and high risk of losing the entire stake due to a single failed leg.
(Remember, laying means you’re taking the role of bookmaker and therefore betting on Brighton NOT to win).
Well not every sport, as there is a list of unusual sports, extinct sports and newly created sports.

Walk through your first offer and make £37 in the process. Human arithmetic is fallible, especially when working with fractional or American odds conversions. Even experienced bettors make mistakes when calculating multi-leg parlays manually. Automating the calculation eliminates this risk entirely, ensuring every decision is based on accurate data. A basic parlay calculator might handle only two or three selections.

As with most free bets, your Coral free bet is ‘stake not returned‘, meaning Coral won’t return your £20 free bet stake to you. Now you have your accounts set up, you can claim your offer. The bet you’ll place to qualify for your free bet is commonly known as your ‘qualifying bet’. You’ll then be able to apply the same process to any similar offer and make a profit no matter what the outcome is.

This initial qualifying back bet at Coral needs to be at minimum odds of 1.5 or greater and our back bet must be at a stake of £5. If you prefer to learn by doing – sign up for our free trial to access over 40 different bookmaker signup offers worth over £850 in profit. We’ve already taught over 150,000 in the UK how to do it, making us the #1 Matched Betting service.

Sometimes available to wager for as low as a 10-cent base, many bettors will use multiple horses in several of the legs, but be careful, the combinations (or number of bets) can multiply quickly. Whatever your level of experience, educating yourself on the different types of bets, odds, and payouts is an important step toward making informed decisions on your wagering. Taking advantage of our odds calculator will help you understand how much different combinations of bets cost to bet and make informed decisions in your wagering.

Essential for identifying value bets and understanding bookmaker margins. The available options vary depending on a selection’s Status, and whether the bet iseach way. For example, if a selection has lost then all other options are removed or disabled, becausethey’re not required to calculate the bet. This can be done on a bet by bet basis, without needing to alter individual bonus settings,which are otherwise normally fixed for a particular bookmaker. The betting favourite comes with a minus symbol (-), the higher the absolute value of the number, the bettor the chance the traders give for that team or individual to win. For example, a -200 favourite has been calculated to have a better chance to win that a -120 favourite.

Matched betting is a simple betting technique that takes advantage of bookmaker promotions to make a profit no matter the outcome of the event you’re betting on.
If you’ve attended a popular race like the Cheltenham Gold Cup, you can’t help but notice the ever-changing odds boards displayed by the on-course bookmakers.
If you want to beat an online blackjack dealer, it’s very important to know what their advantage is and what the odds are.
Plus, you can see what lay stakes to use should you want to underlay or overlay the bet.
For example, combining four bets at 2.00 odds would result in a cumulative return of 16.00 (2 x 2 x 2 x 2), significantly higher than betting on each individually.
Yes, you can cash out an accumulator bet early on many betting platforms, such as Bet365 and William Hill.
When using free bets, higher odds mean more profit – however, the higher you go, the more money you’ll need in your Matchbook account to be able to cover the cost of your lay bet.
So a 10 stake bet with 2.0 odds will give a return of 6.67 — one-third of the original 20 — if a three way dead heat situation happens in the event.
A single chunky wager can dramatically reduce the odds.
We recommend Matchbook as they’re a great option for newbies and you can pay 0% commission by using this link.
The BetBurger Parlay Calculator is clean, fast, and supports all major odds formats without requiring an account.
In this instance, a £10 winning bet on a 5/1 play means you would receive £60, with £10 of that being your original stake.
The odds can change minute by minute; horses can drift in the odds or shorten.
Even if you reset the calculator, it will still keep your preferred theme and odds type.

We recommend Matchbook as they’re a great option for newbies and you can pay 0% commission by using this link. You can then place a lay bet on the home team at the betting exchange so you’re also betting that the home team won’t win, which covers BOTH the away win AND THE DRAW outcomes. Pick 3 – Taking it one step further than the Daily Double, Pick 3 is successfully cashed by selecting the winner in three consecutive races. A $2 Pick 3 using (1) horse in one race, (2) horses in another race, and (5) horses in the other race would cost $20.

The main cons are increased difficulty in winning and, as a result, high risk of loss. Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. A parlay calculator isn’t just a math tool — it’s a strategic planning instrument. The Free Bet Calculator is the premier online sports bet calculator, offering the most comprehensive range of bets and settlingoptions. All of the most popular bet types available from both online and high-street bookmakers are supported, with options to adjustvarious parameters to reflect your bookmaker’s settlement rules.

Also, keep an eye out for promo codes offered by horse racing-specific sportsbooks like TwinSpires Sportsbook. An odds matcher can save you time when finding what event and market to place your back and lay bets on. Saved time equals more offers you can complete, which means a greater hourly profit. Matched betting is a simple betting technique that takes advantage of bookmaker promotions to make a profit no matter the outcome of the event you’re betting on.