On the last race he puts all his money on 40-1 but it then dropped to 8-1, i can understand it dropping after he placed his bet but why did it drop immediately for him to the lower odds?
Surely his bet should of stayed at 40-1 before dropping for everyone else after.
The odds dropped when he placed the bet. Odds are based upon how much action has been placed on each horse and the final odds is the price you receive.
shareI always thought you was paid out on the odds you took the bet at, so by putting his money on a 40-1 shot that's what he would of been paid out.
The odds dropped after he put the money on it which makes sense cos like you say it drops on how much action is placed but shouldn't change once you've placed it at those odds otherwise its pointless betting on an outsider with high odds if they are going to drop after you've made it.