Odds less than even money.
When the resulting dividend will be less than an investor's stake, meaning the bookmaker or totalisator returns a smaller stake. For example, placing a winning $1 bet on a horse that is 2-1 on would give the investor 50 cents plus his or her original dollar, making a total return of $1.50 for the $1 outlay.
Odds where potential winnings are less than the amount staked, i.e. 1-2, you stake £2 to win £1, total return £3
Varies. In the UK an odds-on bet is a bet below evens, for example 1/2 is an odds-on bet - your winnings are less than your initial stake (plus you get your stake money back of course!). In Europe outside of the UK an odds-on bet is less than 2/1 and in the USA an odds-on bet is worked out in rverse. A US odds-on bet is preceeded by a minus sign and shows the amount you need to stake to win $x.
Refers to a price where the odds is less than evens (fractional) or 2 (decimal).
betting odds where the winnings are less than the stake.
A price where the odds are less than evens (fractional) or 2.00 (decimal).
