[SUYA] ひみつ :blabcatverified: on Nostr: nprofile1q…va5ua say you have 10 horses in a race, you bet $1 on all of them in a ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqnc7yff5d6egw2qwn88pjvfhj54hclm40dduyyupnxkwsdlnl49msxva5ua (nprofile…a5ua) say you have 10 horses in a race, you bet $1 on all of them
in a hypothetical race your returns might look like this:
if the most favoured horse wins you might get $2 back
if the least favoured one wins you might get $20 back
so at this point you're betting on the worst performer winning without really thinking about it
if your bet perfectly matches a horses estimated chance of winning you'll just be out 17%-25% which goes to the house.
in a hypothetical race your returns might look like this:
if the most favoured horse wins you might get $2 back
if the least favoured one wins you might get $20 back
so at this point you're betting on the worst performer winning without really thinking about it
if your bet perfectly matches a horses estimated chance of winning you'll just be out 17%-25% which goes to the house.