FAR 5.15% 51.0¢ far limited

Dangar if there is a 25% chance of success for FAR's Senegalese...

  1. 1,328 Posts.
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    Dangar if there is a 25% chance of success for FAR's Senegalese blocks a bookie would give you odds of approx. 4 to 1. In other words you put down $1 and if you're lucky you will get 4 back.

    So the question I ask myself most days is this:
    What would FARs sp go to if they get lucky in one of the Senegalese blocks. I think a realistic answer is 60 cents or there abouts.

    So if I was a betting man I would look at FAR and think to myself it is offering an approximate 12 to 1 payout at 4 to 1 odds. In other words if I put down $1 and get lucky I get paid $12 when really any bookie would not give me more than $4.

    Correct me if I am wrong, if this is a fair assesment the SP should be about 15 cents and its the best bet in town.

    Just thinking aloud…..
 
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