'Gleep!' answered my dragon.
Shai-ster stared at him again.
'C'mon, Shai-ster,' Guido said, giving his superior a hearty shove. 'Talking dragons? Somebody's pullin' your leg. Sounds to me like he got a bad shipment of dragons and is trying to get us to pay for them. Tell him to take a hike.'
'It's not that easy,' Shai-ster grumbled, 'but I suppose you're right. I mean, all dragons look pretty much alike.'
'True enough,' I called, heading hastily for the nearest exit. 'C'mon, Peep … I mean, Gleep!'
Maybe Shai-ster's suspicions had been lulled, but I still had a few of my own as we made our way back to the Yellow Crescent Inn.
'Level with me, Gleep. Did you do anything to louse up somebody's dragon business?'
'Gleep?' answered my pet in a tone exactly like my own when I'm trying too hard to sound innocent.
'Uh-huh. Well, stay out of this one. I think we've got it in hand without you getting in the line of fire.'
'Gleep.'
The answer was much more subdued this time, and I realized he was drooping noticeably.
'Now don't sulk. I just don't want anything to happen to you. That's all.'
I was suddenly aware that passers-by were staring at us. As strange as the Bazaar was, I guess they weren't used to seeing someone walking down the street arguing with a dragon.
'Let's hurry,' I urged, breaking into a trot. 'I don't know what we can do about the Mob moving in on the bookies, but I'm sure Aahz will think of something.'
Chapter Eighteen
'Life can be profitable, if you know the odds.'
THE sports arena we were in was noticeably smaller than the stadium on Jahk where we had played in the Big Game, but no less noisy. Perhaps the fact that it was indoors instead of being open-air did something to the acoustics, but even at half-full the crowd in the arena made such a din I could barely hear myself think.
Then again, there was the smell. The same walls and ceiling that botched up the acoustics did nothing at all for ventilation. Even a few thousand beings from assorted dimensions in these close quarters produced a blend of body odors that had my stomach doing slow rolls … or maybe it was just my nerves.
'Could you explain to me again about odds?'
'Not now,' the Geek snarled, nervously playing with his program. 'I'm too busy worrying.'
'I'll give it a try, hot stuff,' Massha volunteered from my other side. 'Maybe I can say it in less technical jargon than our friend here.'
'I'd appreciate it,' I admitted.
That got me a black look from the Geek, but Massha was already into it.
'First, you've got to understand that for the most part, bookies aren't betting their own money. They're acting as agents or go-betweens for people who are betting different sides of the same contest. Ideally, the money bet on each side evens out, so the bookie himself doesn't have any of his own money riding on the contest.'
'Then how do they make their money?'
'Sometimes off a percentage, sometimes… but that's another story. What we're talking about is odds. Okay?'
'I guess so,' I shrugged.
'Now, the situation I described is the ideal. It assumes the teams or fighters or whatever are evenly matched. That way, some people bet one side, some the other, but overall it evens out. That's even odds or l- l.'
She shifted her weight a bit, ignoring the glares from our fellow patrons when the entire row of seats wobbled in response.
'But suppose things were different. What if, instead of an even match, one side had an advantage… like say if Badaxe were going to fight King Rodrick?'
'That's easy,' I smiled. 'Nobody would bet on the King.'
'Precisely,' Massha nodded. 'Then everybody would bet one side, and the bookies would have to cover all the bets with their own money… bets they stood a good chance of losing.'
'So they don't take any bets.'
'No. They rig things so that people will bet on the king.'
I cocked an eyebrow at her.
'They could try, but I sure wouldn't throw my gold away like that. I'd back Badaxe.'
'Really?' Massha smiled. 'What if, instead of betting one gold piece to win one gold piece, you had to bet ten gold pieces on Badaxe to win one back?'
'Well…'
'Let me make it a little harder. How about if you bet one gold piece on the King, and he won, that instead of getting one gold piece back, you got a hundred?'
'I… um … might take a long shot on the King,' I said, hesitantly. 'There's always a chance he could get lucky. Besides, if I lose, I'm only out one gold piece.'
'… And that's how bookies use odds to cover themselves. Now, how they figure out how many bets they need on the King at 'x' odds to cover the bets they have on Badaxe at 'y' odds is beyond me.'
I looked at the Deveel next to me with new respect.
'Gee, Geek. I never really realized how complicated your work is.'
The Deveel softened a bit. They're as susceptible to flattery as anyone else.
'Actually, it's even more complicated than that,' he admitted modestly. 'You've got to keep track of several contests at once, sometimes even use the long bets from one to cover the short bets on another. Then there are side bets, like who will score how often in which period in the Big Game. It isn't easy, but a sharp being can make a living at it.'
'So what are the odds tonight?'
The Deveel grimaced.
'Lousy. It's one of those Badaxe and the King matchups, if I was following your example right. In this case, the team you'll see in red trunks are Badaxe.
They're hotter than a ten dollar laser and have won their last fifteen bouts. The weak sisters … the King to you… will be in white trunks and haven't won a bout in two years. When the Mob put their bet down, the odds were running about two hundred to one against the whites.' I whistled softly.
'Wow. Two hundred in gold return on a one-goldpiece bet. Did you remember to act surprised when they put their money down?'
'I didn't have to act,' the Geek said through tight lips. 'Not with the size bet they came up with. Being forewarned, I had expected they wouldn't be going small, but still…' He shook his head and lapsed into silence. I hadn't really paused to consider the implication of the odds, but I did now. If betting one piece could get you two hundred back, then a bet of a thousand would have a potential payback of two hundred thousand! And a ten thousand bet…
'How big was their bet?' I asked fearfully. 'Big enough that if I lose, I'll be working for the Mob for the rest of my life to pay it off… and Deveels don't have short life-spans.'
'Wait a minute. Didn't Aahz tell you that if you lost, we'd cover it out of our expense money?'
'He did.' the Deveel said. 'And he also pointed out that if you were covering my losses, you'd also take all winnings if things went as planned. I opted to take the risk, and the winnings, myself.' Massha leaned forward to stare. 'Are you that confident, or that greedy?' 'More the latter,' the Geek admitted. 'Then again, I got burnt rather
