Quote:
Originally Posted by Crusader777
I invented a system where if my horse lost, next race I doubled my bet, on a horse of the same price...The same system is used in Roulette its called the Martingale
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You didn't invent anything. That guaranteed losing "system" is older than the ziggurats of Babylon.
Quote:
If a horse has won 1 race in 8, the correct odds to win should be 8/1.
But the bookies wont give that price, they might give 2/1.
Thats called their margin or profit.
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The bookmakers call "their margin of profit" the "over round" which is a positive reflection of the field book formed for a specific race.