Re: Man Bites Dog (1030 Views)
Posted by:
TGJB (IP Logged)
Date: May 13, 2018 06:24PM
No horse is ever 100% to win, so it's a game of percentages.
To choose a simple example-- two horses in a ten horse race. One is the single most likely winner, he's 30% to win. The other is 15% to win. The first horse is even money, the second 10-1. You are more likely to "hit" the race if you bet the first horse. But man, will you lose money in the long run making that bet. And in the long run you will make money betting the other one, even though you are half as likely to cash any given time.