Quote:
Originally Posted by moonlapse
If he was getting short odds, I don't think his success rate could possibly be that low on odds-on favourites.
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Hoooookay. Let me try to explain that again.
"I think Rose generally bet the amount that he would need to put down in order to win two grand if he was faced with short odds."
In other words, in an extremely simplistic form:
If the odds are even, Rose bets $2000 and gets about $2000 back if he wins.
If Rose backs a 2:1 favorite, he bets $4000, and gets about $2000 back if he wins.
If he backs a 3:1 favorite, he bets $6000, and gets back about $2000 if he wins.
Thus, the guy who was measuring Rose's success rate wasn't measuring what he thought he was measuring... Rose's success rate on larger bets. He was actually just measuring the number of times Rose backed a favorite and lost.