21st November 2006, 03:31 PM
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Member
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Join Date: Jun 2005
Posts: 84
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Quote:
Scenario A.
Possible results of a single $10 bet event at 2/1 against: 2
1. win: collect $20 win + $10 bet amount [bank $30]
2. Lose: No return [bank $0]
[1 in 2 chances of creating a $30 bank].
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Crash, your original premise is incorrect. If you are backing a (true) 2/1 shot then you have a 33% chance of winning and a 66% chance of going bust, not 50/50. |