Monday, 24 May 2010


UK bookmakers changed to stating odds in decimal format this year. "So what?" you say. Well, I say this. Only a few people seem to understand odds. I mean understand what 'odds' mean. Okay, they can work out 2 to 1 but not much else. And this, it seems, is why bookies have gone decimal. But I don't think it will make one iota of difference. People just do not understand the underlying probabilities. There may be betting fanatics that do but they have a vested interest in it. Your average punter lets it go right over his head. There are other consequences to this lack of understanding too. Well, let's just consider the overall issue shall we:

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