
6th October 2005, 01:01 PM
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Member
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Join Date: Jun 2005
Posts: 43
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Maybe I can simplify this a bit,as I can understand where Crash is coming from where it looks like nobody else can.
Example Mathematically.
Punter Pete likes plenty of action so has 20 bets per day.
Cool Hand Luke is more conservative and only has 5 per day.
They are both betting level stakes @ $1 per selection.
No matter how many winners Pete backs out of his 20 bets,the total odds of the winners backed must total 20 just to break even.
No matter winners Luke backs out of his 5 bets,the odds need only total 5 for him to achieve the same break even result.
Assuming they are both betting in the 3/1-5/1 range Pete needs 7 winners @ 3/1 ,5 winners @ 4/1,or 4 winners @ 5/1 just to break even!!
Luke only needs 1 winner @ 3/1(for a small loss)1 winner @ 4/1(to break even)1 winner @ 5/1 for profit.
If neither backs a winner Pete loses $20 bucks and Luke loses $5.
Which one would you rather be????
cheers
ps
Feel free to tear me down,everyone does
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