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Originally Posted by Dunbar
If I knew him/her, I'd gladly take the even money offer. As I said, I could turn around and GET 3-2 on the same 3 horses offshore.
Let's say I spread $1000 on Bernardini, David Junior and Electrocutionist at Gameday. If one of them wins, I'd win $1500. I'd pay Revolution the $1000 and still have a $500 net profit. If some other horse wins, I collect $1000 from Revolution and lose $1000 at Gameday, breaking even. So, I'd either make $500 or break even. That's the kind of bet I like.
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It's not quite as good as I said, Randall. I could get $1440 for my $1000, not $1500. Here's how:
Bet $718 on Bernardini at 12-5
Bet $188 on David Junior at 12-1
Bet $94 on Electrocutionist at 25-1
Total bet is $1000. No matter which horse of the 3 wins, I profit between $1441 and $1444. So if I combine that with the 1-1 bet with Revolution, I'd either win $441+ or I'd break even.
I agree with you completely about only making bets with people you are comfortable with. I'm not really advocating you should take the bet vs a stranger. I also doubt that Steve is willing to be the middle man in such a bet. But if he were, you could wait until Rev's money was in Steve's hands. You do not have much exposure in not grabbing the offshore odds right away. In fact, when Pinnacle and TheGreek put up odds, I'd expect them to beat Gameday's odds on 2 of the 3 horses.
--Dunbar