>>
>>
>> Sometimes they lose big time - eg: Grand National where a 100:1 outsider triumphs -
>> this is the exception rather than the rule. Poverty in the betting world tends to
>> follow the punters, not the bookmakers!
>>
On the contrary, the bookies clean up when an outsider wins. The 100/1 shot will have a few 50p bets from once a year punters who like the horses name or the colour of it's eyes. When the 4/5 favourite romps home they will be crying, because that is where most punters (And the big money gamblers) have staked their cash. That's why the odds are so short, to put people off.
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