28th December 2007, 02:02 AM
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Member
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Join Date: Dec 2007
Posts: 10
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Quote:
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Originally Posted by Chrome Prince
You cannot concieve the basics of odds so how can you expect to turn a loss into a profit??? I bet $10,000 to win $10 that's a lot less than 4/1. It doesn't matter what they pay me, if after all those losses I make a measley $10.00. Effective odds is what you're getting!
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Again trickery in the use of the word "win".
The effective odds are what you get, not lower than what you get! If you back a horse at 4/1 those ARE the effective odds you get on the wager.
But if we used your word trickery method, then if we are level staking with $100 bets and are down $1000 and back a $5.00 winner the "effective odds" of that bet would not be $5.00 BUT instead "minus $7.00" because we would still be down $600 after the winner!!!!!! |