Isn't Being a Wicked Woman Much Better? - Vol. 2 Ch. 70

[MangaDex]

 

[Auravendill]

Betting on the choice no one else does, is actually quite a good strategy. Because if you win, you get the best possible payout. That's why math profs will tell you to bet on consecutive numbers towards the end of the lotto paper (if you have to play. Not playing maximizes your expected outcome). If you win, you do not want to share with too many other people.
In the case of Lotto those numbers will have the same chance, though. So betting on an animal, that appears suboptimal is a bit riskier. The chance of winning is worse, because the likelihood of the bad appearance being show usually isn't that high. But if you are the MC of a Mahnwa, normal likelihood does not apply to you.

 

[Prominis]

Ignoring the advice of a degenerate gambler who is deep in the red because of how badly his bets have gone is a good idea.

 

[Mandobard]

Also if you’re going to rig the race you’re gonna mess with the expectations of bettors

 

[valk_72]

I will only say one thing, Deborah is way more wicked than you think

 

[WhimsiCat]

Also if you’re going to rig the race you’re gonna mess with the expectations of bettors

Reminds me of the rats in Lazy Dungeon Master where the rat themselves discuss how the race will go, because to them it's basically performing on stage.

 

[Kaarme]

Some NPC was already betting on Horse 1 when they entered the premises.

 

[Yesi22]

I love how they try to hide with the most conspicuous cloaks in history

 

[Nixeu]

Also if you’re going to rig the race you’re gonna mess with the expectations of bettors

Exactly my thinking. I think this racetrack may have a system in place to take advantage of those who understand horses well. If knights are extremely well educated on horse racing, then it makes sense that any successful racetrack, which relies on the house willing, will have learned to fool them.

 

[Cobaltzero]

Horse #1 is probably drugged... JUST enough to look like it's doing poorly during the exhibition... just like how #2 was freshly groomed and put on PEDs for the same.

 

[SirArthurIV]

"Wow this place is fucking shady they're probably cheating people...I want in."

 

[WereMuppet]

Betting on the choice no one else does, is actually quite a good strategy. Because if you win, you get the best possible payout. That's why math profs will tell you to bet on consecutive numbers towards the end of the lotto paper (if you have to play. Not playing maximizes your expected outcome). If you win, you do not want to share with too many other people.
In the case of Lotto those numbers will have the same chance, though. So betting on an animal, that appears suboptimal is a bit riskier. The chance of winning is worse, because the likelihood of the bad appearance being show usually isn't that high. But if you are the MC of a Mahnwa, normal likelihood does not apply to you.

All valid points but in this case we also have to consider that it's an "underground betting place" that also manages the race, they're probably manipulating the whole thing and the "safest" bet would be the least likely horse to win or perhaps (if the "manipulators" are smarter than the average scumbag) the second to least likely, since they'd consider that they might occasionally get some clever marks customers with way too much money to risk and having someone bet a truckload of money on the high odds horse could empty their coffers.