Always wondered why bettors would lay money on a 1/9 or 1/5 odds horse? Can anybody explain why
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before simulcasting it was proven over large samples that 1/2's and lower were profitable .. low single digits's % wise.but still in the black.. why it's changed I don't know ..there (before simulcasting) was also something called the favorite longshot bias.. the higher the odds the lower the roi is playing them blindly.. in other words you'll lose less betting 5-2's then betting 3-1's over a large sample.. this is true all the way up through triple digit odds.. ithe higher the odds the more the public will be attracted to play.. when you get into the 20's and 30's and higher the roi became really bad.." became" because I'm not sure it still applies with simulcastingComment -
InterestingComment -
the big bettors who wanted to make a quick 10-20% on their money were obviously good at it back in the day.. still as I said think you're talking only 2-4% roiComment
