Less is more

[Fillybunter]

Hi All
If somthing has odds of say 10, and they go to say 20, would 20 be "less than" or "greater than" 10.
Or which is the high odd, and which low.
Thanks in advance
Phil

[Derek27]

Hi All
If somthing has odds of say 10, and they go to say 20, would 20 be "less than" or "greater than" 10.
Or which is the high odd, and which low.
Thanks in advance
Phil

20 is greater than 10 in terms of odds and the amount you win, but it's less in terms of implied chance of winning. 10 represents a 100/10 = 10% chance whereas 20 represents a 100/20 = 5% chance of winning.

[Fillybunter]

Hi All
If somthing has odds of say 10, and they go to say 20, would 20 be "less than" or "greater than" 10.
Or which is the high odd, and which low.
Thanks in advance
Phil

20 is greater than 10 in terms of odds and the amount you win, but it's less in terms of implied chance of winning. 10 represents a 100/10 = 10% chance whereas 20 represents a 100/20 = 5% chance of winning.

Cheers Derek27
I was asking the question because I'm trying to get my head round fixed odds in Guardian.
If I want to lay a horse at 20 to 30, as it drifted out, would the rule be that the odds are greater than 19, or less?
Are higher odds greater, and lower odds lesser?
Cheers
Phil

[Derek27]

Hi All
If somthing has odds of say 10, and they go to say 20, would 20 be "less than" or "greater than" 10.
Or which is the high odd, and which low.
Thanks in advance
Phil

20 is greater than 10 in terms of odds and the amount you win, but it's less in terms of implied chance of winning. 10 represents a 100/10 = 10% chance whereas 20 represents a 100/20 = 5% chance of winning.

Cheers Derek27
I was asking the question because I'm trying to get my head round fixed odds in Guardian.
If I want to lay a horse at 20 to 30, as it drifted out, would the rule be that the odds are greater than 19, or less?
Are higher odds greater, and lower odds lesser?
Cheers
Phil

Yes, higher odds are greater. Laying between 20 and 30 would be greater than 19.5 and less than 32 {or greater/less than or equal to 20/30).