"Odds On - Look On"

:razz:

It's all about risk/reward ratio.

The $10 note analogy has no relevance as there is no risk involved.

You say about horses having a 90% chance of winning and being almost certainties....not true. All horses can be beaten. True odds of any horse is much worse than 90%, that is why the odds will get you in the end when your HOT POT loses 2 races you have lost any profit gained.

Just think...you back a horse at odds of 1/20 one loss and you must win 5 races at level stakes just to recoup losses.



[ This Message was edited by: Equine Investor on 2002-06-11 19:42 ]