Poker's different to horse racing though

You only have so many possible combinations of cards and with a bit of maths & probability you can work out quite closely what your chances of winning a particular hand might be.

A lot more variables in horse racing, football, cricket, etc. - not least because the odds are set by someone else. Bookies have the edge because they have the means to do the research and access to mathematical models for estimating reasonable odds. And most punters are stupid.

Posted By: BerlinCanary on March 14th 2008 at 14:35:25

Message Thread

fao shoddy (Betting) - SCC 28, Mar 14, 12:02:55
- Except... (Betting) - Kangol Canary, Mar 14, 13:14:31
  - Well, I'd say quite a happy punter (Betting) - BerlinCanary, Mar 14, 13:29:33
    - amazing how such a simple question (Betting) - SCC 28, Mar 14, 13:31:48
      - Well, I don't bet very often but it's simple maths at the end of the day (Betting) - BerlinCanary, Mar 14, 13:37:17
        
        exactly it's just maths (Betting) - SCC 28, Mar 14, 13:44:21
        
        Poker's different to horse racing though (Betting) - BerlinCanary, Mar 14, 14:35:25
  - what the hell are you on about? (Betting) - SCC 28, Mar 14, 13:21:56
    - 2/1 reflects 333 winners from 1000 (Betting) - SCC 28, Mar 14, 13:26:39
      - 11/8 would be 421 (Betting) - SCC 28, Mar 14, 13:30:32
- surely (Betting) - Tony Martin, Mar 14, 12:20:19
  - *shakes head* (n/m) (Betting) - SCC 28, Mar 14, 12:39:45
    - explain (n/m) (Betting) - Tony Martin, Mar 14, 12:51:58
      - don't lose means it wins (Betting) - SCC 28, Mar 14, 12:54:34
        
        ahh ok happy punter, i thought you were doing a trick question (n/m) (Betting) - Tony Martin, Mar 14, 12:56:05
        
        nope (Betting) - SCC 28, Mar 14, 13:00:43
        
        Bet big on shorts odds, over time you'll almost always be up. (n/m) (Betting) - tudders, Mar 14, 13:03:22
        
        well i don't agree with that (Betting) - SCC 28, Mar 14, 13:06:15
        
        Well yes, not just any short price obviously. (Betting) - tudders, Mar 14, 13:13:49
        
        No you are not (Betting) - Kangol Canary, Mar 14, 13:16:01
        
        I have, and don't entirely agree. (n/m) (Betting) - tudders, Mar 14, 13:19:14
        
        that's because he's written a load of randon nonsense (Betting) - SCC 28, Mar 14, 13:22:28
        
        random (n/m) (Betting) - SCC 28, Mar 14, 13:22:39

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