Triangle Business Daily

What is the gross profit and what is the net profit?

If I bet $5 on odds 38:1 and the payoff odds were 35:1. What is my gross profit? If I bet $5 and won $275 what is the net profit and the payout odds?

Public Comments

1. a) Either you lost $5 or you won $5 x 35 = $175. b) $275 / $5 = 55. That means the odds are 54 to 1.
2. That's not a finance question, its a gambling question. Gross is what you take in, net is whats left after your costs are deducted.