does this mean if I just bet with just 0.02 btc I get to win 1.19 btc still?
No that means if u bet with 0.02 u will get 0.02 x 1.19 = 0. 0238. That 1.19 is the odd.
Here is the calculation: winnings = (odds * stake) – stake. Let’s illustrate it with some examples :
9.0 can be calculated as (9.0 *
BTC10 stake) –
BTC10 stake =
BTC80 winnings.
4.0 can be calculated as (4.0 *
BTC10 stake) –
BTC10 stake =
BTC30 winnings.
2.5 can be calculated as (2.5 *
BTC10 stake) –
BTC10 stake =
BTC15 winnings.
1.25 can be calculated as (1.25 *
BTC10 stake) –
BTC10 stake =
BTC2.50 winnings.
That’s it! Hopefully that clears up betting odds for you. Good luck.