Author: Keith Evans
Date: 13:44:38 12/30/03
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On December 29, 2003 at 13:59:55, Mike Byrne wrote: > > >The rest of the field is never 0%. Any bookie can tell you that. It might be >15 to 1, 30 to 1 -- even a 100 to 1 . but the chances are never "zero" - that >would make the payoff infinity. Bookies are really predicting how people will bet, not the outcome of an event. So you're not betting against the bookie, you're betting against his other clients. He tries to make it to that he is transferring money between his clients and skimming off a percentage.
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