Originally Posted by steveo412
There not listening to you cabby. Someone told me on another thread that they bet on Gomi at the last Bushido and his odds were 1/2 and they only got half the money they bet back. AND I AM NOT SAYING THEY BET 1000 and got 1000 + 500 back I am saying they just got 500 back. I am not sure if this is true cause i have never bet on a 1/1.
Yes that is true...and I am just as confused as cabby. I know exactly what he's talking about. You bet your money and you get it back. That's it. You put in 1000 5 minutes before the fight and get that 1000 back if the guy wins. If he loses then you are out 1000 bucks. It makes no sense to me. What is the point of putting your 1000 down if you are not going to get at least 1001 back? If you are gonna put your money down on something, you might as well put it down on the underdog, because either way you are risking 1000, but 1 way you might get 3000 back, or lose 1000, and the other way you might get 1000 back, or lose 1000. So what would be the logical choice? To bet on the underdog in every fight right? Well if that's the case then what's the point of betting? It's not like a fighter with 3:1 odds actually only has a 33% chance of beating the other guy. It's impossible to determine that so the smart choice would be to bet on the underdog everytime since you have little to lose and lot to gain as opposed to the favored where you have little to lose and none
to gain. And what's even worse are the 1:2 odds. 1:1 is like a break even:lose situation, 2:1 and above are like a win:lose situation and 1:2 or lower is like a lose:lose situation. Explain that one to me please.