How to Calculate the Odds in a Football Betting Pool

History Of The Pool

Back in the olden days, folks used to put together pools of money to bet on a variety of sports. Since people don’t have unlimited pockets, getting all of those individual bets paid off was almost impossible. That’s why they created odds pools – so that multiple bets could be combined into one betting pool, allowing all of the participants to win.

The concept behind the odds pool is very simple. You have a number of sports bettors who all share a common goal: getting as many sports bets as possible paid off. So instead of each personbetting on their own team in a traditional pool, they instead place bets on a variety of teams, which are then averaged together to create an overall result.

How To Calculate The Odds In A Pool

Each member of the pool pays a certain amount of money into the pot, which is then divided up among the members depending on how much they wagered on each team. For example, if three people are in the pool and each placed $100 on the Tennessee Titans, the pot would be divided up as follows:

  • Member One would get $33 (three $100 bets)
  • Member Two would get $66 (two $200 bets)
  • Member Three would get $100 (one $300 bet)

In this way, everyone wins. There’s not a single member of the pool who loses, since the goal was to win as much as possible.

Making The Best Use Of Odds Calculator Apps

With the right tools, it’s easy to keep track of all of the bets that are in the pool. You can use an odds calculator app, such as the one available for Android or iOS, to help keep track of all of the bets, as well as how much money is owed to each member of the pool. So, instead of having to scrounge around for paper and pencils, the app helps make keeping track of everything much easier.

If you have a small group of friends who are into gambling, odds calculators are a great tool to have around. This way, everyone can keep track of what’s going on and make sure that the pot is divided up accurately among the participants.