31st May 2012, 06:34 PM
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Member
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Join Date: Sep 2011
Posts: 1,494
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Quote:
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Originally Posted by Toil
Wow 18 out of 20 to make a profit at $6.50, that is pretty sad 
Why is lay betting so popular then?
Would I had been better off just laying the favourites at an average price of say $4.00 and how many accidents could I have out of say 20 bets to still make say a 20% pot? |
Out of 20 selections at $4.00 you would need to hit 4 winners or less. 5 winners would be showing a loss. ie you would need 16 ot of 20 selections to lose at avg odds of $4.00 winners.
Lay betting is not as easy as it looks. |