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Pari-Mutuel announced--Do the math

Posted By: Phil Simborg
Date: Saturday, 27 December 2014, at 7:24 p.m.

In Response To: Pari-Mutuel announced (Phil Simborg)

Now, let's have some fun with the above bet. You can bet a total of $300 or 12 bets.

You have a choice: you can bet 1 bet on each of who you believe to believe to be the top 12 players, or you can bet 1 bet on the 12 you believe to be the 12 worst players (in a field of 64). Assuming there is a lot of betting, which strategy do you think would net you the most money?

Of course, you could also play 4 bets on each of the top 3 players or 3 bets on each of the top 4 players.

Yes, there is no way to predict the answer without seeing how the bets were placed, and even then it is highly subjective as to who the best and worse are and how much greater odds the best have of showing, but this is the kind of thing that I think makes this kind of betting interesting.

Also, how could I not place at least one bet on myslef? How bad would I feel if I cashed and didn't do this....it's like not buying back!

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