by 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
