3/1 odds mean $4 on a $1 bet because 3 times your wager + getting your $1 investment back. This is the rule in sports betting.
https://support.paddypower.com/app/answers/detail/a_id/1516/~/how-do-odds-work%3F
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It means, it is understanding difference by us (who gave answer of 8$), Else OK.
:) :) :)
Are you happy with the explanations provided?
Whatever the explanation provided by others is OK. I have not experience in gambling. But as general understanding at India, what i am telling is right. It works in non authorized segment like cricket gambling here.
You are the author of the game/post. And some steemians give the example of working of gambling. So It is OK.
:) :)
Thanks for taking attention and reply.
It's our fault not understand your game question.
I am always happy with any circumferences.