Examples for

Gambling

Gambling is the wagering of money or items of value in games of chance or on the outcome of events by placing wagers on a specified outcome. Use Wolfram|Alpha to raise the stakes by computing and analyzing the chances of winning and the expected profit of bets made at specified odds against a range of house advantages.
Gambling

Analyze and compute the outcomes for various bets, wagers and odds.

Analyze a bet at specified odds:

5:1 odds
place a bet at even odds

Specify the amount of the wager:

wager 32 dollars at 6 to 1 odds
8:5 odds, bet 97 euros

Specify a house advantage:

wager $1 at 2 to 1 odds with 1% house advantage
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