Odds On
Varies. In the UK an odds-on bet is a bet below evens, for example 1/2 is an odds-on bet - your winnings are less than your initial stake (plus you get your stake money back of course!). In Europe outside of the UK an odds-on bet is less than 2/1 and in the USA an odds-on bet is worked out in rverse. A US odds-on bet is preceeded by a minus sign and shows the amount you need to stake to win $x.
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