Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: norwaypinesavage
I'm betting on the bookies. When you total the odds, you see that 30% of the bets goes to the bookies.

All things being equal, if you add up the odds, with 8 teams in the running, it should average out to 7-1. Here it actually adds up to 7.125 to 1.

4, 4, 4, 5, 6, 8, 8, 18 = 57

57/8 = 7.125

18 posted on 01/16/2016 1:41:49 PM PST by ETL (Ted Cruz 2016!! -- For a better, safer America)
[ Post Reply | Private Reply | To 16 | View Replies ]


To: ETL

You need to add up the reciprocal of the numbers: 1/4+1/4+1/4+1/5+1/6+1/8+1/8+1/18=1.42. Anything over 1.0 goes to the bookie.


21 posted on 01/16/2016 2:13:03 PM PST by norwaypinesavage (The Stone Age did not end because we ran out of stones)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson