question for betting folk about quote from pinkun:

"Bookies Betfair have slashed City's odds of going down from 250-1 on, to one-and-a-half to one on"

I don't understand odds very well (i'm not a betting man), but does 250-1 on mean that if you put 250 squid on norwich going down you would win your stake back plus one english pound? If so, that's stupid.

Posted By: Dave in France, May 10, 11:24:48