Nice case of PAST POSTING at AP: R1

[Dunbar]

Originally Posted by RockHardTen1985

Fats, teach me something....
What is the difference in 15-1 and 13-1, if you like a horse. Some handicappers will live w/ 4-1 for life.

While I like fatman's marriage analogy, here's another answer.

If you get 13-1 when you could have gotten 15-1, you are giving up over 13% of your return.

I won't make a bet unless I think I have an edge, but I'm realistic enough to understand that my overall edge is unlikely to be much over 13%. If I give up 13%, I may well have no edge at all.

That's why I could easily pass on a 13-1 that I'd be happy to bet at 15-1.

--Dunbar