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Gambling Winnings Using Fractional Odds

Fractional odds quote the net total that will be paid out to the bettor, should he or she win, relative to the bet.

The payoff for a win equals the bet amount times the fractional odds.

Formula

QuantityVariable["winnings", "Money"] == QuantityVariable["b", "Money"]*QuantityVariable["f", "Unitless"]

symbol description physical quantity
winnings payoff for a win "Money"
b bet "Money"
f fractional odds "Unitless"

Forms

Examples

Get the resource:

In[1]:=
ResourceObject["Gambling Winnings Using Fractional Odds"]
Out[1]=

Get the formula:

In[2]:=
FormulaData[ResourceObject["Gambling Winnings Using Fractional Odds"]]
Out[2]=

Use some values:

In[3]:=
FormulaData[ ResourceObject[ "Gambling Winnings Using Fractional Odds"], {QuantityVariable[ "winnings","Money"] -> Quantity[24, "USDollars"]}]
Out[3]=

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