Originally Posted by
noober
Sorry for the confusion. Here is a hypothetical example:
You have a bet that Federer will win against Nadal with odds 1.5. The opposite odd is 2.5. If you bet on both sides so that you will win equal amount reagrdless of the outcome you will get 93.75% of your money back. (payout of 93.75%)
Now lets say the odds were 1.36 and 3. In this case the payout is 93.58%.
If the odds were 1.0001 and 101 the payout will be 99.02%.
So am I going to be better off if I just do bets when the payout is big.
Hope you understand it this time.