Quote:
Originally Posted by Nitro
I was wondering when someone was going to mention "fix odds". Based on what I've read so far about this latest tote innovation I believe it also puts another nail in the coffin of the "fixed odds" concept. I'm curious though as to whether or not this was in fact a subliminal intention when the proposal was originally conceived.
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I probably shouldn't say fixed odds. I mean I do look at them that way but it's not the correct term. With fixed odds you would be able to lock in the price, though there would likely be limits on wager size, but your wager would not lower the odds you receive. Depending upon how it's being implemented it may lower the next player's odds on the same horse though as the goal of the book would be to balance the action. What someone could do however with those projected odds from the double probables is calculate how much they will likely be able to wager on an overlay given the average win pool size at the venue. So they can get a pretty close estimate on what price they'll receive given their own bet is included.
