21st November 2006, 04:47 PM
|
|
Suspended.
|
|
Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
|
|
Quote:
|
Originally Posted by Wunfluova
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.
|
I get your point but no cigar.
We are talking bet outcomes, not the odds of a horse winning or losing.
There is no such thing as 'true odds' anyway in horse racing except after the event.
There are only 2 possible 'outcomes' of the 2/1 bet I used as an example. We win or we lose. As stated, I was referring to 'possible outcomes' [only].
Accepting a wager at 100/1 for a $10 bet there is also only 2 outcomes: [1]Win $1000 or [2] lose $10. |