It doesn't matter how many people bet on an outcome as only the amount they bet affects the amount in the prize pool. The prize pool is the sum of the amount bet on all the losing outcomes minus our 5% commission. In the event that more than 95% was bet on the winning outcome then we just reduce the house edge. We have only had 2 events where more than 95% was bet on one outcome so far and in both cases the longshot bet ended up being the winner. (Lesson: always bet on an England batting collapse when they are heavy favourites to win.
)Thanks for that response. I think for me, when over 80% bet on a one team then for sure you know the value is nothing worth putting big money on. And if it's small money, it's only a tiny return for the small odds, so in the end it's pointless.
Whoever won those two longshot bets must feel very happy they did. They probably won a lot more than if they bet somewhere else, huh!