Noob sports betting question

woofercooker · 16 Apr 2014 at 11:13

I would like to place a bet on the mayweather vs maidana fight and ive never bet on anything in my life, say i bet £500 on mayweather to win,

On the williamhill site it says Floyd Mayweather @ 1/10 Estimated Returns :
550.00, does this mean i get my original £500 back + 550? if he won.

pull2808 · 16 Apr 2014 at 11:16

No, you'd get £50 plus your original £500 so £550.

#Chri5# · 16 Apr 2014 at 11:20

No, you'd make £50 on your £500 (total return of £550), so the bookies reckon Mayweather is pretty much "a dead cert" to win.

Oddschecker is a good site to find the best value on a bet but with such short odds, it's almost pointless betting on Mayweather.

booyaka · 16 Apr 2014 at 15:23

You get £1 for every £10 you bet - hence 1/10

If it's the other way round 10/1 - you would get £10 for every £1 you bet.

Nix · 16 Apr 2014 at 23:50

woofercooker said:
I would like to place a bet on the mayweather vs maidana fight and ive never bet on anything in my life, say i bet £500 on mayweather to win,

On the williamhill site it says Floyd Mayweather @ 1/10 Estimated Returns :
550.00, does this mean i get my original £500 back + 550? if he won.

No.

1/10 means a £1 return for every £10 staked. It's trying to buy money and something you should avoid.

£500 would return you £50 plus your stake of £500, meaning a £550 total.