CRASH
Thanks for reinterpurting what I was trying to say. Each of us will have acceptable minimum odds that we are prepared to take.

STEBBO
"The point I was trying to make (albeit badly) was that betting a fixed takeout doesn't change the odds or the risk. GG's implication (or at least the way I read it) was that betting a fixed takeout somehow changed the odds / risk situation."

I'm definatly not implying that.
The odds about a horse only makes for a rosier result (should it be a winning bet) as the risk is the same whether the horse is the odds on pop or 100/1+. However we all know that favourates win a far greater percentage of races than 100/1 outsiders.
Knowing which fav's are winners is another art.

GG

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RACES ARE LIKE BUSES, THERE WILL BE ANOTHER ALONG IN A MINUTE