Odds and Payoffs

May 2010
2
0
Ok here is the problem

Lets think of this in terms of horse racing...

If you have
8 selections that have odds of 35/1
9 selections that have odds of 17/1
2 selections that have odds of 11/1
1 selection that has odds of 8/1

What amount must you wager on each horse to earn a profit every single time? Is it possible? I am not good with math at all. Any help would be much appreciated. Thanks in advance (Happy)
 
Nov 2009
517
130
Big Red, NY
Ok here is the problem

Lets think of this in terms of horse racing...

If you have
8 selections that have odds of 35/1
9 selections that have odds of 17/1
2 selections that have odds of 11/1
1 selection that has odds of 8/1

What amount must you wager on each horse to earn a profit every single time? Is it possible? I am not good with math at all. Any help would be much appreciated. Thanks in advance (Happy)
Theorem
You can't beat a fair game.

Theorem
You can expect to lose an unfair game.
 
May 2010
2
0
So are you saying that it cant be done?

What about this......

6 selections that are 35/1
10 selections that are 17/1
3 selections that are 11/1

would it be possible then?