- Oct 6, 2011
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I think to say Australians lack or dont use much of fractional odds is maybe a little bit understated.Lack of fractions in betting is why Australia's numeracy is running low.
Watch an AFL game from the late 90s and two things will confuse viewers. 1) Norm Short and 2) 7/4.
I presume Bookies will offer unders on Pies because their followers will load up no matter the odds.
If you walk into any casino in Australia, all their payouts, betting information slips, tables show the pay out at fractional odds. The casino being a popular hangout spot for the young and youth.
Roulette being a common game , i often see the payouts mentioned on there. At the same time to agree with your point, many wouldn't know what a pay out on a 'straight up' bet and what a 35/1 to payout means. Or a 'split' at 17/1. Or even Betting and getting paid on a 'Street' at 11/1. It was probably about 13 years into betting, when I actually I guess fully understood the fractional side of betting. Im pretty sure in my last days using bet365, i left it on the fractional side in terms of settings.
Yeah I guess I dont want to confuse the young folk in here. Mention something like odds of 1/3, 1/4, 5/4, 7/2 and alot of the younger kids dare I say it wouldnt be able to do that in the head. Coming from a tutoring mathematical background, even the average kids in Year 11 and Year 12 doing a high level math would struggle to do that in the head. They all reach out for the calculator these days.
Think it works out to be a bit of an advantage if you can convert from decimal to fraction vice versa for betting. Mind you I was a pretty hopeless math student back in the younger years, but through gambling/trading I have got quicker at it over time.
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