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Might be a stuipd question but why don't bookmakers offer odds like 13/,15/1,17/1,19/1 etc
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Some on course bookmakers used to offer different odds to the norm, don't know if it still happens as don't go very often.
Earlier days the odds used to be worked out to win multiples of £100, ie)100/30, 100/6,100/7, 100/8 and 100/9 which if you work out are fractionally above 3/1, 16/1,14/1,12/1 and 11/1, which was known as taking the fractions and easy to work out,hth. |
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Earlier days the odds used to be worked out to win multiples of £100
Indeed, or, for the working man, 100 shillings which was £5 (so 100/30 is $5 to 30 bob or £1 10s). |
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Doubtless some mathematical genius or bookmaker will be along to correct me but I have a vague recollection from the far-off days when I used to understand these things, that the prices are evenly spaced on some probability distribution or other.
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prices fitted old money
11/8, 13/8 etc. and 7/4, 9/4 etc. because 8 half crowns in a pound |