Creating your own longshots

G1 I will have another crack at trying to explain the inherent mathematical disadvantage of multi betting...& so by using an example. Lets assume you have a single bet & the book is set at 110%...that is there is a 10% to the house. If I now take a multi with all legs betting into markets with the same 10% edge the following %'s to the house applies ; (using formula ; house % times house % times house % (for every leg) times 100 - 100 )

1 leg...10%
2 legs..21%
3 legs..33.1%
4 legs..46.4%

Betting into a book with a 15% edge(similar to TAB W/P pools) it is even more dramatic ;

1 leg..15%
2 legs..32%
3 legs..52%
4 legs..74%

Hope this gives you some idea why multi betting gives the average punter little chance of winning long-term

sorry, that came out wrong.

& no..you just don't get it...the take out rates are much higher (number of legs dependent) with multi's vs. single bets...how often do I have to say it !

You are trying to compare apples with bananas Brosco....this is what you need to compare....lets have $30 in your account & say 3 selections in 3 different races ;

Scenario 1 Multi $30 on first all-up 2nd & all-up 3rd

Scenario 2 $10 on first / $10 on 2nd / $10 on 3rd - all single bets

Scenario 2 will result in a long-term better return !

oneonesit wrote: You are trying to compare apples with bananas Brosco....this is what you need to compare....lets have $30 in your account & say 3 selections in 3 different races ; Scenario 1 Multi $30 on first all-up 2nd & all-up 3rd Scenario 2 $10 on first / $10 on 2nd / $10 on 3rd - all single bets Scenario 2 will result in a long-term better return !

completely different bets .

say odds are $5, take out 15%

$10 on each race if all successful returns 3 times $42.50 = $127.50
$30 all up with same odds and takeout returns $$2303
$10 all up returns  $767

I think you have your apples and banans mixed up oneone

Anyone got one for today?