Quote:
Originally Posted by ubercapper
Since my math skills are not as sharp as they once were:
My estimated combined probability of both horses winning was 50%.
The odds of the horses were 7/1 and 9/1 so I think that equals 22.5%.
I believe the weighted win bets should be 55% on the 7/1 shot and 45% on the 9/1 shot.
Did I get that right?
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You gave both horses the exact same 25% chance of winning.
If you think that betting $11 to win on the 7-1 and $9 to win on the 9-1 is optimal then just quit now.
Anybody with one ounce of wagering common sense knows that $20 to win on the 9-1 will outperform the above in the long run based on your opinion.
Go ahead and keep betting the most on the horse with the least edge.
