Re: Einstein (545 Views)
Posted by:
beyerguy (IP Logged)
Date: April 14, 2005 08:01AM
I have read the thread.
I don't know CH, don't know what percentage of bets he hits.
"2. The horse has a 20% chance of winning and you get 5-1. Let's say you are right 20% of the time on these. Assuming you make 10 $10 bets and you hit two (20% correct) you are EVEN."
This is wrong. Whether CH hits 20% or not wasn't part of this statement. If anyone, not just CH, hits 20% at 5-1, they are doing quite well. THEY ARE NOT EVEN. IF I bet $2 10 times on 5-1 shots, I have bet $20. If I cash 2 of them, I am returned a MINIMUM of $24, and possibly $27.60. It doesn't matter what form the payoff is posted, or even what game I am playing. I'm sure you know this by now, so I really don't know what the argument is about anymore.