{"id":492,"date":"2007-10-14T22:51:00","date_gmt":"2007-10-14T21:51:00","guid":{"rendered":"http:\/\/blog.widmann.org.uk\/?p=492"},"modified":"2007-10-14T22:51:00","modified_gmt":"2007-10-14T21:51:00","slug":"odds","status":"publish","type":"post","link":"https:\/\/widmanniana.org\/blog\/odds\/","title":{"rendered":"Odds"},"content":{"rendered":"<div style=\"float: left; margin-right: 10px; margin-bottom: 10px;\"> <a href=\"http:\/\/www.flickr.com\/photos\/mk1971\/1457857679\/\" title=\"photo sharing\"><img decoding=\"async\" src=\"http:\/\/farm2.static.flickr.com\/1371\/1457857679_5544c4b9c4_m.jpg\" alt=\"\" style=\"border: solid 2px #000000;\" \/><\/a> <br \/> <span style=\"font-size: 0.9em; margin-top: 0px;\">  <a href=\"http:\/\/www.flickr.com\/photos\/mk1971\/1457857679\/\">Waiting, just waiting (118\/365)<\/a>  <br \/>  Originally uploaded by <a href=\"http:\/\/www.flickr.com\/people\/mk1971\/\">Cellach<\/a> <\/span><\/div>\n<p>In an article today I read the following:<\/p>\n<blockquote><p><i>The defence of the Liberal Democrat leader came as bookmaker Ladbrokes put him as the clear favourite at 1\/7 to be the first party chief to leave his post. David Cameron was placed at 6\/1 and Gordon Brown 8\/1.<\/p>\n<p>&#8220;Young Turk&#8221; Nick Clegg was the 4\/5 favourite to replace Sir Menzies while a rush of money over the weekend trimmed the odds of another possible contender, Chris Huhne, from 7\/2 out to 3\/1.<\/i><\/p><\/blockquote>\n<p>I know (thanks to my beloved Phyllis) that &#8220;<i>x\/y<\/i>&#8221; means &#8220;if you bet <i>y<\/i>, you get <i>x+y<\/i> back&#8221;, but why this arcane system?!?<\/p>\n<p>Why don&#8217;t they just do something decimal, such as stating the above odds as 1.14, 7.00, 9.00, 1.80, 4.50 and 4.00 (each number being what you&#8217;d get back from betting 1)?  Is it just for historical reasons, or does it really work better if you bet a lot?<br clear=\"all\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waiting, just waiting (118\/365) Originally uploaded by Cellach In an article today I read the following: The defence of the Liberal Democrat leader came as bookmaker Ladbrokes put him as the clear favourite at 1\/7 to be the first party chief to leave his post. David Cameron was placed at 6\/1 and Gordon Brown 8\/1. &#8220;Young Turk&#8221; Nick Clegg was the 4\/5 favourite to replace Sir Menzies while a rush of money over the weekend trimmed the odds of another possible contender, Chris Huhne, from 7\/2 out [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159,137],"tags":[],"class_list":["post-492","post","type-post","status-publish","format-standard","hentry","category-en","category-science"],"_links":{"self":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/comments?post=492"}],"version-history":[{"count":0,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"wp:attachment":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/tags?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}