Horse Racing Odds Explained Toss Of A Coin

You do not have to be a genius at maths to understand the statement horse racing odds explained. Let us look at the toss of a coin, its simply heads or tails on the outcome of a toss of the coin.

The odds of the coin landing on heads or tails are evens or decimal odds 2.0. In other words, you have a 50% chance of the coin landing on heads or tails, not exciting but that is maths and implied probability!

You might be lucky and have £100 on the coin landing on heads and a cool £100 profit for first time lucky of the flip of a coin! But what happens when it goes against you 3 times you make the wrong call in a sequence. You are £300 down and sulking!
Now the next five or six coin tosses of a coin might come in your favour because the implied probability is evens or 50%.

You are now £300 in profit that’s taking into account the previous £300 you lost!
Now look at decimal odds 4.0 or 3/1 in old money, this represents a 33% chance of you winning.

As the decimal odds increase the chance of you winning is moving against you!

Simple article that uses the toss of a coin that can be used for an answer to horse racing odds explained.