P-Dub Wrote:
>
> So 20/1 is the minimum required to bet this horse?
> If you like him and he\'s around 15/1, don\'t know
> why that wouldn\'t be good enough if you like him.
I didn\'t say that, I was just saying that as a guy estimating the off-odds, the evidence to me suggests that you may get 12-15, but not likely 20.
For any horse, there\'s an intersection of chance to win the race/fair odds. If a horse has a 10% chance to win the race, then 9/1 is the breakeven price. So for this horse, if you think he has more than a 1/16 chance to win the race, then yeah, 15/1 is a fair price, but if you think he\'s only got a 1/21 chance to win the race, then you need 20/1.