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Gambling Winnings Using American Odds

The American odds indicate how much money will be won on a $100 wager.

The payoff for a win equals the bet amount times the American odds divided by 100.

Formula

QuantityVariable["winnings", "Money"] == (QuantityVariable["a", "Unitless"]*QuantityVariable["b", "Money"])/100

Forms

Examples

Get the resource:

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

Get the formula:

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

Use some values:

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

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