Is there any point in betting on 1-1 odds?
In many places 1-1 means you put 1 dollar on you get 1 back, meaning no gain at all if you win. 2-1 means you bet 1 and get 2 back, a win of double your money. 3-1 means you put 1 dollar and get 3 back...etc.
I would just like some clarification on how it works