Grand National 2010

[First class]

Hi,

This is going to seem really simple and trivial to some people on this forum, but:
I'm having trouble understanding what this bet is about:

Aintree & Grand National Specials - GN Age of Winner

-10 Years old or older
-Lay bet

From how I understand it, this bet means I am betting that a horse aged 10, or under 10 will win the Grand National.

It says:

You are betting AGAINST 10 years old or older to win. Odds are 990/1.
Stake £20.00. Payout £19,800.

Am I right in assuming that for my £20, if a horse 10 or under wins, I win £19k?
What happens if I lose? Do I just lose the £20?

 

[flymo]

My take on this (could be well wrong though) is that if it says

You are betting AGAINST 10 years old or older to win.

then if the winner is 10 then you lose as it is '10 years or older'. So if the winner is 9 or under then you would win, and yes if you lose then you lose the £20.


By the way which betting shop is this cos those odds seem to be unbelievably generous?

 

[First class]

Betfair (online)

 

[ukrob]

You have more chance of getting your money back by giving it to me, moving abroad without telling me where, and then bumping into me when I'm on holiday. Those odds are duff.