Thread: Optimal Betting
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Old 01-26-2020, 11:53 AM   #22
partsnut
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Quote:
Originally Posted by Swifty0x0 View Post
It's not even money. In the example I gave it's AVERAGE odds of 4/1 from both horses. That means each is 4/1, or 3/1 and 5/1, etc. If their average is 4/1 then you collect $10.00 for every $4.00 bet ($2 on each horse). If you have a 60% win rate this would yield a profit of 50% [for 100 races, 60 wins collects $600 versus $400 wagered is $200 profit, or 50% ROI].

If You Invest in 2 bets @ $2.00 (each) at odds of 4-1 = $4.00
(Average Odds have multiple combinations) If your lower odds horse wins, the bet becomes progressively worse.
If you win you will receive $10.00 ( $5.00 for every $2.00 bet) Which equates to 3/2 odds. If you choose to bet these races then rots of ruck. It's your prerogative. Providing and hypothetically speaking, if you can maintain a 60% win rate betting 2 horses over 100 races (doubtful), you might win a little bit of money but in my experience most handicappers are not capable of maintaining a 60% hit rate over the long term. It just a'int happening.

As far as I'm concerned, betting without value is a losing proposition. To exasperate a poor betting scenario, the use for proof of short term cycles such as 20 race cycles are useless, promotes false confidence, proves nothing and enhances a losing environment.
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