22nd September 2002, 05:03 PM
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Member
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Quote:
On 2002-09-22 11:43, freowaytogo wrote:
For the experienced ones here, when you place a bet on a horse at evens or 2-1, do you think your chances are better than the odds?
At the casino, most bets are 'what you see is what you get', apart from the casino advantage.
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If you are serious you should ONLY ever bet if you think the horses chances of winning are better than the odds. Personally I never bet seriously on anything paying less than about $7 - I occassionally have fun bets on shorter priced horses but that is for fun only (I am not saying you can't make money on the shorter priced horses - but my personal system doesn't work well below $7). In my opinion it is VERY RARE for a horse to have a greater than 50% chance of winning a race so odds-on does not make a lot of sense to me.
Regarding Casino odds - yes what you see is what you get - unfortunately it is always in casino's favour (with exception of card-counting blackjack players). At least with horses there are lots of opportunities where the odds can be in your favour if you are good enough.
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