How to make a pool based on future bets.

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My friends and myself want to make a pool for the winner of the world cup.
We want to handicap the better teams and give better odds for the weaker teams.
Example: To play Brazil is 500 while to play USA is 50.
Pool will probably be winner takes all.
I have the future odds from bodog. How can I convert these into the ammount owed by the person for the pool?
 

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