I was thinking it would be clear as crystal this morning.
MUD is a word that is currently in my mind.

I can't quite grasp what LAYING is.

I find an animal and I figure it has a carefully calculated chance of saluting.
Therefore it must obviously have a carefully calculated chance of losing.

Is this chance of losing , equivalent to the sum all other animals chances of winning?

I'm having trouble with when LAYING something at $3 , I am in fact backing an imaginary animal which has the combined winning chances of the rest of the Field at $1.50

I did fluke a $40 Winner last night and the LAYING Trail has lost a little of its appeal and I am so confused how to invest now.

I seem to be much more comfortable risking a small amount with rare large Payoffs.
That is as opposed to Risking Large amounts for frequent small Payoffs.