2007-03-16 12:44:50 · 7 answers · asked by kevyn_uk 2 in Sports ➔ Horse Racing
There is such a thing as an unbalanced book,they cannot take percentage then..
2007-03-17 15:47:25 · answer #1 · answered by yaboo 4 · 0⤊ 0⤋
Not that I can guarantee this, but bookies NEVER lose on a bet, they DO shorten the odds and even stop taking bets when there is a risk of losing. They also lay off bets. They back the same horse to win with another bookmaker, thus cutting there prospective losses.They never lose, they just dont win as much. Very clever people bookies.
2007-03-23 20:47:27 · answer #2 · answered by bilbo 1 · 0⤊ 0⤋
The reason a horse is favourite is because more people have backed them than any other horse. A lot of people take the odds when they place the bet, so even if a horse's finishing price (or sp) is 5-1, if someone backed them prior to the race at 10-1, they have to honour that bet.
2007-03-19 10:15:20 · answer #3 · answered by PNewmarket 6 · 0⤊ 0⤋
bookies lose as the punters have piled on the fav to win. Because they go by the s p odds (they got to take them)
2007-03-23 13:00:49 · answer #4 · answered by bonniebella 2 · 0⤊ 0⤋
They do but there is a balancing act of the inducement to bet and declaring the horse a certainty.
The bookies make their cut, don't you worry... :-)
2007-03-16 19:49:30 · answer #5 · answered by Anonymous · 1⤊ 0⤋
the bookies always win..
2007-03-16 22:01:12 · answer #6 · answered by nakatablue 2 · 0⤊ 0⤋
they odds are calculated based on the amount of people who put money on a horse; they can't just make them up!!!
2007-03-22 18:18:00 · answer #7 · answered by findmenowniallhaha 3 · 0⤊ 0⤋