Steveo-

Those odds include your origial bet.

For example. If you bet Rep you place $1000. If you win, you get back $1800 (which is $800 profit. But if you lose you lose $1000.) If you bet Dem, you get back $2200 ( Your orginal bet of $1000 plus $1200 profit. If you lose, you lose $1000.)

The Count