abercrombie pas cher How To Price Up A Horse Racin

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Finally, the calculation for Clubs: 8 cards in a pack of 36 remaining cards, so 8 divided by 36, times 120(%) profit margin, equals 26.7(%) which in fractional terms means odds of 11/4
In my example, the 12 ‘furlong’ cards comprised 4 clubs, 3 hearts, 2 diamonds, and 3 spades.

First, place the four Ace cards face up in front of you on a table. If you can imagine, these will represent the four runners in the starting stalls of our ‘race’. Now, shuffle the remaining cards. Next, deal twelve cards off the top of the deck, down one side of the table. These cards will represent [url=http://www.piktor.fr/abercrombie-pas-cher/]abercrombie pas cher[/url] the 12 furlong markers on our ‘race-course’.

So, how should we have priced up each of these 4 horses before the race? Well, first you need to consider these figures: with 4 Ace cards, and 12 further cards already dealt from an original pack of 52, there are 36 cards left in the pack. Diamonds is the favourite with 10 cards left in the pack, followed by Spades and Hearts with 9 cards each, and finally the outsider Clubs with 8 cards.
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Normally the prices for any given race are settled around 4pm the day before a race. Every major bookmaker will have a team of five or so odds-compilers, one working on each race on the card. These odds are then delivered to the trading team, and the rails bookmakers at the [url=http://www.paolofranco.it/scarpe-hogan/]scarpe hogan[/url] respective courses. Once a market opens on track, the individual [url=http://www.chu-forex.fr/hollister.php]hollister france[/url] bookmakers will keep an eye on what the others are doing as the market unfolds. Each will be competing against the others, trying to attract business by [url=http://www.piktor.fr/hollister-france/]hollister france[/url] offering the best prices. At the same [url=http://www.diecastlinks.co.uk]hollister outlet[/url] time they need to balance their books and make a profit. It’s certainly no easy task!
Start the race by turning over the first card off the top of the deck. A 'horse' will [url=http://www.lotogame.fr/hollisterfrance.php]hollister pas cher[/url] move forward one furlong each time you reveal a card of the corresponding [url=http://www.piktor.fr/doudoune-moncler/]doudoune moncler[/url] suit. So, if the first card is a club, move the Club horse out of [url=http://www.lotogame.fr/hollisterfrance.php]hollister france[/url] the stalls and forward one furlong. Repeat until [url=http://www.footdedemain.fr]jordan[/url] a horse reaches the twelth and final furlong - you have a winner!!

Calculations go something like this for Diamonds: 10 cards in a pack of 36 remaining cards, so 10 divided by 36, times 120(%) profit margin, equals 33.3(%) which in fractional terms means odds of 2/1

This was obviously a simplified example, with only four horses in the race, but hopefully it highlights some of the reasoning behind pricing up a race.
Playing The Percentages
Given that 67% of all races are won by the favourite, a bookmaker might well shorten the price of the favourite, and then add some value to the other horses, to balance his book.
For Spades [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] and Hearts: 9 cards in a pack of 36 remaining cards, so 9 divided by 36, times 120(%) profit margin, equals 30.0(%) which in fractional terms means odds of between 9/4 and 5/2

Source:

When pricing up any event, the first thing a bookmaker will need to consider is the amount of profit to build into his prices. If he wishes to make a 20% margin he [url=http://www.renaissancedestoiles.fr]louboutin[/url] will need to price the race at 120% of the natural odds. Calculating the profit margin is made all the more difficult in the UK because it [url=http://www.paolofranco.it/hogan-outlet/]hogan outlet[/url] is one of the most over-populated betting markets in the world, and consequently [url=http://www.piktor.fr/abercrombie-france/]abercrombie france[/url] very competitive. Margins too high and [url=http://www.muvilav.it]woolrich outlet[/url] you will be uncompetitive, but cut your margins too much and you will make less profit.

Adding up the percentages you can see the total is 33% plus 30% plus 30% plus 26% equals 119% which gives you your [url=http://www.piktor.fr/air-jordan-pas-cher/]air jordan pas cher[/url] 'over-round' profit margin of 19%
Max Redd has been making a living betting on horse racing for over 10 years. He runs the Redd Racing betting advisory service which offers members a FREE trial and a 60-day money-back profit guarantee. Find out more at

Here is a little game you can try, to help you understand how prices compare to the chances of a horse winning a race. You will need a pack of cards.

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