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Punt to Win |
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2/5/2003 edition "Brisbane Bookmaker Betting Odds" With the huge challenge thrown up by betting exchanges you'd think that bookmakers would desperately be offering competitive betting odds. So what happened in Brisbane last Saturday, where their Carnival was just commencing? . Race six at Doomben was a $100,000 set weights Group 3 race for three year olds. There were 17 runners in the field. The bookmaker starting price market was a very tight 137%. We were also told by some in the racing media that punters could get plenty of value as it was $4.80 the field and 13 of the runners started at double figure odds. Here's the reality: That starting price market of 137% is equivalent to a game of roulette, but with an important change: Instead of the 37 roulette numbers being 18 even, 18 odd and one zero for the house there are now 12 even, 12 odd and 13 zeros for the house! Alternatively, keep the 18 even numbers, 18 odd numbers and one zero for the house. But all the even money payouts for odds, evens, black and red are instead reduced from $2.00 to $1.50! Now that puts the betting markets into a very simple to understand perspective. It's a pity about the betting odds on offer. Because the Brisbane Carnival racing is really good. This edition of Punt to Win: Back Tote Longshots?
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