The structure behind forming Odds values
by Pari-mutuel betting Bookmakers take their(punters) money off the top, and the rest is distributed equally among the winners, so the punter is competing against others! …
Rational non addictive betting
Pari-mutuel betting Bookmakers take their(punters) money off the top, and the rest is distributed equally among the winners, so the punter is competing against others! …