21st November 2006, 07:29 PM
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Member
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Join Date: Jan 1970
Posts: 450
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Quote:
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Originally Posted by partypooper
But we are not having just one bet, we know we are having 100 bets plus, and we know that if we back 100 x 2-1 shots about 30% will win and 70 % will lose on average (that's if they are being picked by mere mortals) so in fact we are 100% certain of losing (about 10% of total stakes)
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That doesn't sound good losing 10% of my total stakes, what is the loss/win rate if I am not a mere mortal?
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