Re: Odds vs Chances/Probability
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Bets can be stated as X for Y or X to Y.
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I had never seen this "X for Y" terminology until a couple of years ago when I visited a particular casino and looked at their craps table. All of their payouts were listed as "X for Y". I didn't even notice the little word "for". I just saw the two numbers, X and Y, and interpreted this as "X to Y". Consequently, it appeared to me that many of the center bets on the table has no house edge at all! This was inconceivable to me, so I asked the pit boss about it. Surprisingly, it took several minutes to get the issue cleared up. In the end, I didn't get a clear explanation from the pit boss, but simply had to figure it out on my own from clues in the conversation. This terminology may be common, but I still think it's a bit of a "cheap trick". [img]/images/graemlins/smile.gif[/img]
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