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Originally Posted by dalakhani
Yeah, and that is such a great bet? What are the statistics behind that bet? How often does that win? What percentage would you have to hit in order for that to be profitable for YOU? And just because your bet is a good one (and im not saying its not) what makes the bridge jumper's bet so stupid?
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let's see...
if i'm correct and the horse should be 3-1, he's going to win 25% of the time and i'm going to collect $22.00 for every $2.00 bet when it hits.
so, for every $8.00 invested I make a $14.00 profit.
That's a 175% roi.
if you could accurately predict a horse would be itm 99/100 times and it returned $2.10 for every $2.00 bet, you'd win $0.10 99 times ($9.90) and lose $2.00 once for a total profit of $7.90 on $200.00 bet. that's a roi of 3.95%.