Over at Bitbets, I came across a couple of Derby propositions, one for a horse "Orb", the other for a horse, "Revolutionary".
The prop reads:"Orb, the horse, will win first place in the 2013 Kentucky Derby" , the other prop is identical except for the horse-name.
You can bet for, or against either or both props. Both props (these are parimutuel betting structures ... you are betting against other people and the house takes a very small percentage) are about even money.
: "Even money to LOSE on two separate horses???" I thought. "How can I lose?" and impulsively entered "No" bets on both. It smells like easy money this far out. Even post time favorites often find ways to lose. This far out, a good number end up not running at all... they go lame, or they don't make it to the fiinal pick, etc.
BUT... now I am also thinking... if I were following a derby contender that I was pretty hot about... that would be a great way to get a decent price on a horse that might go to post, afterall, at short to very short odds.
I'm probably not seeing all the potential angles with this.
Thoughts?
The prop reads:"Orb, the horse, will win first place in the 2013 Kentucky Derby" , the other prop is identical except for the horse-name.
You can bet for, or against either or both props. Both props (these are parimutuel betting structures ... you are betting against other people and the house takes a very small percentage) are about even money.
: "Even money to LOSE on two separate horses???" I thought. "How can I lose?" and impulsively entered "No" bets on both. It smells like easy money this far out. Even post time favorites often find ways to lose. This far out, a good number end up not running at all... they go lame, or they don't make it to the fiinal pick, etc.
BUT... now I am also thinking... if I were following a derby contender that I was pretty hot about... that would be a great way to get a decent price on a horse that might go to post, afterall, at short to very short odds.
I'm probably not seeing all the potential angles with this.
Thoughts?
