You’re at the track, looking at the horses through the fence. Suddenly, an idea hits you: Why not try and bet on the races? You convince yourself it’s a way to make some extra money and decide to give it a try. You place a few bets and are not disappointed; the action is faster and more exciting than you would have anticipated. You decide to place another bet and this time, it is not money down. You feel confident enough in the idea that you commit $100 to it. You’re feeling pretty good about yourself until… the guy next to you at the track raises his bet $100 as well. You feel a little nervous because you’re now betting in a pool with a $200 limit. You decide to put your $200 on one of the races so you can get back to even. You place the bet, everything seems fine, and then BAM! The guy next to you hits his pool limit and is now laying down a $400 wager. You’re in a bit of a spot now because not only are you being pressed by the bigger player, but the little signs around the track seem to be counting down the final minutes of the race.
What does o and U mean in sports betting? The purpose of this short article is to explain the basics of the Odds and Ugly races, as well as how to avoid becoming a victim of a sharpie’s scams. Learning the rules and how to play by them can help ensure you don’t lose more than you can afford to lose.
The Basics Of Odds And Ugly Races
In the world of betting, odds are used to determine the probability of an event happening. Take the example of the sports betting scenario given earlier. The odds of that race ending in a certain way are generally expressed as such:
- The odds of Bet A winning are expressed as 1X
- The odds of Bet B winning are expressed as 2X
- The odds of Bet C winning are expressed as 3X
- The odds of Bet D winning are expressed as 4X
- The odds of Bet E winning are expressed as 5X
- The odds of Bet F winning are expressed as 6X
What these odds mean is that given the current betting, there is a 1in6 chance that Bet A will win, a 2in6 chance that Bet B will win, etc… The larger the number, the greater the chance of that particular event happening. The more competitive the event, the more the odds will fluctuate. For example, the odds of a given NASCAR race will vary from bookmaker to bookmaker.
An Ugly race is one where the favorite for the race doesn’t end up winning and the opposite is true for the Ugly horse. This is a relatively new term used in sports betting to describe a situation where the favorite for the race does not win and the opposite is true for the favorite horse. One of the main reasons for this is because the odds of the favorite winning are so high, most gamblers will try to take advantage of it. This is called The Favoritism Scam.
Sometimes, even when the favorite for the race does win, the result is still considered Ugly because the odds of the horse winning were so absurdly high. For example, consider the 2019 Belmont Stakes which was the 14th running of the famous American Classic. The odds of the winning horse, American Pharoah, were 33/1. If you placed a $100 wager on him and he won, you would have made $33,000. The result was considered Ugly because the odds of him winning were so absurdly high.
How To Avoid Being A Victim Of Favoritism
The fact that the odds are high and you feel like you may be a victim of favoritism does not necessarily mean you are. You need to learn how to avoid this. One way is by simply comparing the odds of all the horses in the race and deciding which ones look the most attractive to you. If you are still deciding which one to choose after doing this, then you should probably avoid betting on that race altogether. This is called The Odds Comparison Strategy.
If you do choose to bet on that race, then you should make sure you compare the odds of all the horses before placing a wager. Doing this will eliminate most of the chances of you being cheated by a scam artist. If you did not do this and found yourself in an Ugly race situation, then you should probably contact the bookmaker’s customer support team to report the issue. Just make sure you are not being tricked by a scam artist who is trying to get your money. Thanks for reading! We hope we were able to help some of you avoid becoming a victim of gambling. If you found this article valuable, then please read our detailed guide on how to bet online with confidence. You can visit our website for more information about sports betting and to see where we are offering odds on the 2020 NFL season.