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What does the term "minimum odds" refer to in the context of betting?

Updated: 3/15/2025

Vanessa Nader ∙

Lvl 10

∙ 23h ago

Best Answer

"Minimum odds" in betting refer to the lowest odds at which a bet can be placed in order to be eligible for a particular promotion or bonus offer. It is the minimum ratio of potential winnings to the amount wagered that must be met for the bet to qualify.

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Related questions

What are odds checker and what is it known for?

Oddschecker is an online betting site with odds calculators, charts, and tables. It is mostly known for the calculated odds that are for betting events.

Where can one see the odds of a bet?

There are a few options that are available to see betting odds. This would greatly depend on what odds one is interested in viewing, but one can find betting odds on sites such as Odds Checker, Odds Portal and Odds Shark.

How does round betting work in the context of sports betting?

In sports betting, round betting involves predicting the specific round in which a particular event will occur during a match or game. This type of bet can offer higher odds and potential payouts, but it also carries a higher level of risk due to the specificity of the prediction.

What are the advantages of binary betting?

Binary betting is the action of betting on more than one potential. Binary Betting displays the odds of a bet index and the settlement amount depending on the bet. Binary Betting has a fixed odds system and are free of tax duty. Binary Betting may be an option for start up traders.

What is a football handicapper?

A person who determines the betting odds.

In betting what odds are known as a Carpet?

3 to 1

Who invented odds?

Sam Torosian is the person believed to have invented the odds. The odds of winning and losing was commonly used in betting.

What are the release dates for Creation in the 21st Century - 2004 Betting Against the Odds?

Creation in the 21st Century - 2004 Betting Against the Odds was released on: USA: 24 September 2010

What is the payout on 20 to 2 odds betting 20 dollars?

Betting 20 on 20 to 2 odds, you will get a return of 200. The odds of 20 to 2 are equal to 10 to 1. For every 1 bet, you will get a return of 10. Bet 20, get a return of 20 x 10 or 200. Having the odds of 20 to 2 is very unusual because all legal betting venues would have changed such odds to read 10 to 1.

Final odds as the race begins?

In horse racing the odds are determined by the bets placed. Betting stops when the race starts. These determine the final odds.

How does 20-1 betting odds pay out on hundred dollar bet?

21

What is the payout on 9 to 2 odds betting 200 dollars?

900 dollars

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