subject: Betting Favorites in Many Horse Races is a One Way Ticket to Palookaville [print this page] Look at it this way, how many times out of ten races will that horse win? Let's say it can win 40% of the time, or 4 out of 10 races, that means it has to pay at least $5 in order for the bettors to break even. If it goes off at less than 3-2 odds it will pay less than $5 and therefore, it is a bad bet. That is another good reason that the next stop for all those geniuses who bet on it will be Palookaville, and trust me, it is not only not a good place to visit, but you definitely don't want to live there.
Betting Favorites in Many Horse Races is a One Way Ticket to Palookaville
