Betting odds question

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Do you bet lots of money (2,500 to 5,000) or little bits (2,499 and under)

Yes, I bet lots
14
78%
No, I bet little bits at a time
4
22%
 
Total votes : 18

Betting odds question

Postby futuresobright » Sat Apr 09, 2005 6:06 pm

What does it mean if the odds are, say, 352/1? (352 to 1) is it good to bet on thet horse or is it bad? if you bet on a horse with no betting odds and it wins will you win more than if you bet on a horse with lots of odds and it wins? please answer my questions inteligently and educatedly. or just shed a little light. thankyou :!:

-Cowboy King of the Double Q ranch

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Postby Mustang0207 » Sat Apr 09, 2005 6:16 pm

Yes i have been wondering the same thing!
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Postby VladinatrZilla16 » Sat Apr 09, 2005 7:10 pm

odds of 352/1 are very bad odds

lets say a horse's odds are 2/1. That means for every 100 dollars you bet, you get 200 back (meaning you profit 100). If the ods were 352/1, that means you'd get 35,200 back from the 100 you invested if that horse won 1st place.

The more people who bet on a horse, the closer together the numbers in the odds will be. So a horse with 2/1 odds means lots of people bet on that horse, while a horse with 352/1 odds means not very many people bet on them.

Usually the horse with the better odds (ie. 2/1) are the safer bets; since more people are betting on them there must be something good about them, right? However you won't get as much money as you would if the odds were higher. But betting on horses with low odds is not safe because, while you could win alot if they won, they're not likely to win.

Usually its better to bet on horses with the better odds because they're the winning horses.

Also, a horse will not have betting odds next to it if no one's bet on it; so a horse with no odds listed has no more chance of winning or losing then one with 2/1 or 352/1 odds.

What odds a horse has in regards to betting has no effect on wether the horse will win or lose; it only reflects how many people have bet and how much on each horse.

I may have screwed up the math but the concept i think is right. correct me if I'm wrong
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Postby Mustang0207 » Sat Apr 09, 2005 7:36 pm

Ahh thanks that is very helpful!
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Postby futuresobright » Sat Apr 09, 2005 7:39 pm

Thx!!!
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Postby Blackened Rose » Sat Apr 09, 2005 11:59 pm

Try looking at the places and such the better they have done in the past the better they'll do. Also look at earnings and such one thing you have to watch for though is to actually go to their page and make sure they're trained in that event.

But if you see a horse with high odds but appears that will do well don't be afraid to bett on it. I recentlly did this on a horse with over 200 in odds bet 500 and got over 10k.

I don't remember the horse though. :(
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Postby futuresobright » Sun Apr 10, 2005 7:28 am

I once made 20k on a bet. is thet really good or just good?
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Postby VladinatrZilla16 » Sun Apr 10, 2005 10:09 am

that's pretty good I rarely get more than 5000 on a bet But I dont bet often or go searching for good betting horses.
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Postby futuresobright » Sun Apr 10, 2005 11:59 am

WOW! I just made a huge profit on my bets! I won $47,500 on a 18/1 chance horse. I did my homework on him and he WON! yes yes yes!!!!! I'm richer that I was at the beginning of the game. the horse's name is; Dark cloud"s oo. so. maybe you can make money on him? he's a bronco. or maybe I was just lucky
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Postby futuresobright » Mon Apr 11, 2005 1:11 pm

O, I just figured it out. if the odds are 5/1 it means you win 5 dollars for every 1 dollar you bet, so a 35,678/1 means that if you bet 1 buck u might pull in huge profits!

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