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Old 2010-06-14, 23:24   #9
davieddy
 
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"Lucan"
Dec 2006
England

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Quote:
Originally Posted by ewmayer View Post
I had in mind betting on Brazil to win ... I figure if NK manages the upset it'll be such big news that I won't mind having lost my money.
When the favourite wins, the bookies lose.
Bookies make money.
What does this tell you about the probability of the favourite winning?

David
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