Mudcat Café message #3818586

The Mudcat Café ^TM
Thread #160897 Message #3818586
Posted By: Doug Chadwick
06-Nov-16 - 05:23 PM
Thread Name: BS: 65% vs 35% of a Chance
Subject: RE: BS: 65% vs 35% of a Chance

If you backed a horse that had 35% chance of winning, you would expect to get odds to get odds of 13/7 against - i.e. bet $1 in the hope of winning $1.85

If it has a 65% chance of winning, it would be an odds on bet of 7/13 and your $1 would only net you 54c.

This, of course, dose not take into account any trimming of the odds to make sure the bookmaker always make a profit.

DC