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Potential profit = stake x (odds/100)\n\n What's your potential profit? First, divide the odds (180) by 100 to give you 1.8. You then multiply 1.8 by your stake (30), which gives you a potential profit ofR$54. Remember, in addition to your profit, a winning bet also returns your stake.There are arguably two mathematical concepts that are most often used in gambling. These are the concepts of expected value and probability theory.
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Potential profit = stake x (odds/100)\n\n What's your potential profit? First, divide the odds (180) by 100 to give you 1.8. You then multiply 1.8 by your stake (30), which gives you a potential profit ofR$54. Remember, in addition to your profit, a winning bet also returns your stake.
There are arguably two mathematical concepts that are most often used in gambling. These are the concepts of expected value and probability theory.
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