This is not meant to offend anyone, but I think a quick class in odds-making is in order. First, Si'dh Morel, Dragonrider of Chaos, you have a good idea, but it doesn't work that way. Grandmaster Laergon was in error in his explanation on how a 3:2 bet pays out. The easiest way to determine how odds work, is simply to multiply your bet by the first number, then divide by the second number. That is the total return you will receive on your bet. It is important to realize in which order the odds are going, before you multiply and divide. In this case, Gijan's odds are 2:3. Treant's odds are 3:2. If you bet 1 gold on Gijan, multiply by 2, then divide by 3. Your return is 0.7 gold (rounded). If you bet 1 gold on Treant, multiply by 3, divide by 2. Your return is 1.5 gold. These are both in addition to the 1 gold which you bet, which you get to keep. So, betting 1 gold on Gijan, if you give 1 gold piece to the person taking the bet (bookie), and Gijan wins, the bookie gives you back 1.7 gold (minus w
I realize this is somewhat confusing, but that's the way odds betting works. If it is even odds, or 1:1, then obviously you double your money. 2:1 odds, you triple your money. One more explanation as to why this is so may make it easier to understand. If Gijan is getting 2:3 odds, which he is in this case, the oddsmakers think Gijan will win 3 times for every 2 times he loses. Therefore, chances are he will win if there is only one fight (if you believe the oddsmakers). Thus, it is a "safe" bet to wager on Gijan. As we all know, gambling is all about risks, so if the oddsmakers feel that Gijan is likely to win, your bets on Gijan will not return as much as they would on a "darkhorse". Your potential gain has to be less than your potential winnings so that if 100 people bet, 50 on Gijan and 50 on Treant, the "house" or oddsmakers still make money.

Penned by my hand on the 13th of Scarlatan, in the year 214 AF.