If you choose horse racing
"It's funny, I should have had a pretty good chance of winning."
Hearing my words, my friend gave a wry smile while eating edamame. It's the friend who recommended that game to me. I didn't tell you how much I bet, but I've been talking about how I didn't make any money even if I bet on the best horse.
"Or rather, you're not enjoying horse racing in the first place."
"What, I thought I'd have fun, or rather try to make some money."
“In the first place, horse racing for me is like a concert for my favorite, and I go to cheer on my favorite. It's the same as tipping the streamer. In the first place, if money is your goal, there is nothing more inefficient than horse racing."
"What does it mean?"
I'll explain. Saying that, he pushed up his glasses and made a proud face.
He's a nerd and hopelessly weird, but he's smarter than I am.
An elite who did economics at W University and still earns a decent salary.
"Among the 52 races you bet on for 2019-2021, the most popular horse has a 50% chance of winning.
If you ask only this, it exceeds 50%, so it seems that there is no loss even if it does not become a plus.
But actually negative. why?
This is because horse racing is taxed when you win.
Of course, it depends on the amount, but if you bet 10 million, for example, you can expect to lose several million from the ones you win.
However, when the most popular horse in the last two years wins, the average multiplier is 2.1. From there, the tax deduction I mentioned earlier will occur, so it will not be profitable as a result.
In other words, you are allowed to lose no more than 1 time per victory, and if you lose more than that, it will be negative, not 0."
"I see..."
tax? I was always happy after winning and didn't really care. Rather, I thought I was making a profit because I won, but that was a big mistake. I felt like scales had fallen from my eyes.
“That’s why I said that, right? Horse racing is something to enjoy. There is no sure-fire way to make a profit without taking risks.
As long as I support my favorite with the feeling of a donation, I don't mind if I lose, so here's my favorite from last week..."
"Ah, I see! I'll look! Just look!"
I peered into the smartphone that was being pushed hard, and for the first time in two years, I saw a horse instead of a betting ticket.
[Horse racing route completed] Final result: 376.75 million