Optimal Betting

[Swifty0x0]

Originally Posted by partsnut

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With no offense intended and in my humble opinion, anyone betting into a 50% ROI betting on 2 contenders will soon be parted from their money and/ or bankroll. Why would I risk $10.00 to make $10.00? That would be the same as betting an even money (1-1) odds overall bet on 2 horses.
Do you realize what type of win percentage you have to maintain to be profitable? Better then 50% to show a meager profit. To me it is not realistic and most likely destructive. As you well know, the likelyhood of runouts are always present. It happens to the best of us.

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].