Re: Devo\'s backing article
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How can you back anybody for one event and give them 30-40%? Nobody is that good. If you back for one event, and the player is great, you can give them maybe as much as 20% and have positive EV for yourself. If you do a long-term backing deal, then you can give the horse 50% or so.
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Can you elaborate a bit? How is this any different than any other short term vs. long term EV situation? That is, the odds are the odds regardless of sample size. What am I missing?
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