Sunday, May. 11, 2014

Winners Lay Losers

Winners Lay LosersTaking a typical eight-runner horse race as an example, how likely do you think it is that the Bookmaker is going to make money? Well, in the traditional way of betting, you or I are looking to find one horse out of the eight runners that will win and make us money. The Bookmaker, on the other hand, will make money on every LOSING horse i.e. seven out of the eight runners!

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