how do u come up with these odds, Al?
i didn't come up w them . . . basically the person who's doing the odds-making has to arrange the odds so that he doesn't wind up having to pay out of pocket.
Here, since there's not a lot of bettors, somebody came up w odds based on what he knew. then the odds are adjusted based on where the money's going. if there's a lot of money being bet on DW, the odds against his winning drop, and that way the payout is less . . . it's probably the most elementary method of making a book. It doesn't matter that we're doing it this way b/c even if the bookie takes a bath, it's not a big one.
if there is a large no. of bettors, you can run it like an insurance co. . . . take a class in actuarial stats. fascinating stuff . . . and I hate nos.