- Thread starter Kilian
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Lofton

Andy

Menzies

Menzies needs that home town win. Same with BJ

How do you read the odds? +1000 means 10/1?Updated odds as of this morning except Josh is now down to 10-1 after more $ came in on him.

Yes. Josh dropped to 10-1 as soon as this pic was taken also.How do you read the odds? +1000 means 10/1?

Exactly, odds are quoted relative to a 100 bet. So +1000 would mean you bet 100 to win 1000. Or in different contexts you will see minus numbers. So say it was -200. That would mean you bet 200 to win 100.How do you read the odds? +1000 means 10/1?

Nice, photoshop Fish. If it were real and the odds did shift like that could you hedge the bet by shorting him at 10-1? Cuts into the payoff if he wins, but I think could make it no loss.

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Yes I believe you could do that. However the odds do drop based on the amount bet so when you hedge it it would change that and they might change again so not sure what you would be risking/making.Exactly, odds are quoted relative to a 100 bet. So +1000 would mean you bet 100 to win 1000. Or in different contexts you will see minus numbers. So say it was -200. That would mean you bet 200 to win 100.

Nice, photoshop Fish. If it were real and the odds did shift like that could you hedge the bet by shorting him at 10-1? Cuts into the payoff if he wins, but I think could make it no loss.

Subsequent changes in the odds wouldn't change anything. Once you place the bet the odds you have on your ticket are what you get paid regardless of what the final odds are. Stuff like this isn't like horse racing where you have to wait to see final peri mutuel pay out.Yes I believe you could do that. However the odds do drop based on the amount bet so when you hedge it it would change that and they might change again so not sure what you would be risking/making.

Wouldn't you have to hedge with all of the other drivers that could win though?Subsequent changes in the odds wouldn't change anything. Once you place the bet the odds you have on your ticket are what you get paid regardless of what the final odds are. Stuff like this isn't like horse racing where you have to wait to see final peri mutuel pay out.

I don't think so. If I'm long at 25-1 and short at 1-10 then I think all that matters is his result. If he loses I lose 1 on the long bet and win 1 on the short bet. If he wins I win 25 on the long bet and lose 10 on the short bet for a net of 15. So, you aren't guaranteed a win, but you have no loss if somebody else in the field wins.Wouldn't you have to hedge with all of the other drivers that could win though?

Another way to bet would be to be long a single driver and long "the field" (this type of bet is out there in things like golf tournaments I think). You'd be guaranteed a winning ticket then but depending on the odds of each I think you could have some screwy outcomes there.

I saw this on FB, I wonder if it's more the "sharp" money going on Josh or the odds makers thinking he will win?Odds are dropping super quick!! Check them out now. Josh is down to 3-1 lol

For sure it's the $$$. The odds makers have no clue.I saw this on FB, I wonder if it's more the "sharp" money going on Josh or the odds makers thinking he will win?