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476 HORSE-RACING.
Explanation to the foregoing Tables on two events, containing 232 changes, from 6 to 1 for, to 6 to 1 against you, according to the current odds on each event.
In the first line you begin with 6 to 1, both for you in the first column ; in the second it is 6 to 1 against you on each; in the third, it is 6 to 1 for you, and 6 to 1 against yo-u; and, in the 4th, the same reversed.
Suppose two events of 6 to 1, and 3 to 1, both for you ; look for 6 to 1, and 3 to I, and you will find it in the first column, 9 to 5 that you win both : in the second it is 27 to 1 against your losing both, equally the same as 6 to 1 and 3 to 1 both against you, and that you did not win both ; in the third column, it is 11 to 3 that you do not win the first and lose the second, equally the same as if it had been 6 to 1 for, and 3 to 1 against you, and that you did not win both ; and in the fourth column it is 25 to 3 that you do not lose the first and win the second, the same as if it was 6 to ] against you on the first, and 3 to 1 for you on the second. |
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