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How much money would I have to put on a 4/9 bet to see a nice return?

asked in gambling

Answers

P-Kasso answers:

None if the nag loses.

Almost twice as much as you can expect back if it wins.

Gambling is about taking a controlled (ie affordable) risk in the hope of disproportionate winnings.

Better to gamble on a 20 to 1 than an almost evens bet.


Supplement from 10/27/2008 10:14pm:

Meant to put "Just a bit more than your stake money back (plus your original stake) if it wins,

Not twice as much - that'd be 2 to 1.

As Tommy Cooper once quipped: "I backed a horse at 20 to 1 and it came in at a quarter past four".

Mug's game unless you gamble on really long odds where the potential returns are worth losing your nice new shirt.


3 years ago / reply

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