Some math on this assuming the article is correct. He was offered 5:4 odds so th...

swang on Sept 22, 2014 | parent | context | favorite | on: Why I bet £900k on the Scottish referendum

Some math on this assuming the article is correct. He was offered 5:4 odds so the juice was 2.8% given what he should've won vs what he got. The 5:4 odds mean he had to be at least 44% (+2.8%) confident just to break even, moreso to make a profit.