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Page 33 · column 3 of 5 · from the scan, no model involved
Bet
From Page 12 *
Say you had $100 paid in, and after all the betting’s been done, your buddies have a total of $100,000 in winnings. Well then, you’ll pay back $1 for every $1,000 in play money that they pay in. Simple.
The important thing to remember is that you set the odds (Mi every horse, and you really don’t need to know anything about the horses to do that All you need is a little math
In a 10-horse race, the mathematical odds of any one horse winning is 9-1. As the odds go down on one, say to 4-1, the odds on another have to go up to, say, 18-1 to keep the books balanced.
Now here comes the part where you find out about your own character. If you want to act like a real bookie, you won’t give out mathematical odds.
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