Book % Profit
What is the relationship between book % and number of runners in a horse race?
Answer: The book % is the assigning of odds by a bookmaker to each runner in a horse race to at least break even 100% (the round) and then an additional % profit (the overound)
Consider a 5 horse race where odds of 4.0 are assigned to each runner which equates to 25% so that 5 x 25% = 125%
If the bookmaker takes an equal amount on each horse his profit would be 25%
The number of runners would not affect the book % as the bookmaker would always try to achieve the same % profit by adjusting the odds of each horse relative to their chance of winning
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Invitation 6 - Questions.