Odds
This opportunity to bet through does go with an edge to the house. Many betting shop punters have described these races as 'animal roulette' since the bookmaker knows exactly the chance of each dog winning. Most races have an overround (bookmakers margin) of 2% a runner, sometimes less in races with lots of runners. When these races can be as little as 3 minutes apart this results in very unfavourable conditions for the gambler.
Virtual Racing is a visual representation of a computerised random number draw. The odds of the different horses (or dogs) are created by having the horses with the lower odds have more numbers in the draw than horses with higher odds. However, each number can only be drawn once and therefore the same selection can not come first and second.
Read more about this topic: Virtual Racing
Famous quotes containing the word odds:
“However great a man’s fear of life, suicide remains the courageous act, the clear- headed act of a mathematician. The suicide has judged by the laws of chance—so many odds against one that to live will be more miserable than to die. His sense of mathematics is greater than his sense of survival.”
—Graham Greene (1904–1991)
“Irish? In truth I would not want to be anything else. It is a state of mind as well as an actual country. It is being at odds with other nationalities, having quite different philosophy about pleasure, about punishment, about life, and about death. At least it does not leave one pusillanimous.”
—Edna O’Brien (b. c. 1932)
“It makes no odds where a man goes or stays, if he is only about his business.”
—Henry David Thoreau (1817–1862)