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:
“It makes no odds where a man goes or stays, if he is only about his business.”
—Henry David Thoreau (1817–1862)
“A man can seldom—very, very, seldom—fight a winning fight against his training; the odds are too heavy.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Indeed the involuntary character of psychiatric treatment is at odds with the spirit and ethics of medicine itself.”
—Kate Millett (b. 1934)