Hi folks, Good evening
Can i ask something about odds and chances of winning please?
If i have:
Greyhound / Horse race on "winning markets" @ lay price 2 odds
When i lay bet I see the liabilities and winning amounts as:
-9.50 liable (on the fav)
10+ win on all other placements
What is the percentage of "winning" the lay for races with?
6 runners – lay betting on 1 placement
7 runners – lay betting on 1 placement
9 runners – lay betting on 1 placement
10 runners – lay betting on 1 placement
14 runners – lay betting on 1 placement
... and can you show how to calculate that please ~ thank you