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What does odds of 65/1 mean? If you were to bet $10 on 65/1 odds you would receive $650.00 in profit if this outcome won. The implied win probability of 65/1 odds is 1.52%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
For example, you might see bet365 odds at 10/1. That means that for every $1 you bet, you'll receive an additional $10 for a winning bet. PGA odds are displayed in this format by default. Lastly, you have decimal format. Here, bet365 odds will show the return you can expect for a $1 bet.
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Whereas a typical moneyline bet involves a bet on one of two options, three-way moneyline betting involves three options. When wagering on a three-way moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a 'draw').
A 3-way bet is a bet on an event that has three possible outcomes: Team A wins, Team B wins, or a draw. The odds on a 3-way bet will always be higher than odds on a similar two-way bet considering there is an additional outcome. Therefore, when one places a 3-way bet there is only one way to win and two ways to lose.
