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A thrower balances two pennies on two outstretched fingers and then π tosses them high in the air to see how they land. The thrower wins with double heads and loses with π double tails. Other men in the crowd cover his bets (bet against him), with a "boxer" handling the money and π keeping track of the bets.
Two-up - Wikipedia
The key to the 2 Odds Betting Strategy like most betting strategies π is to be able to identify value. That means finding situations where the true chances of something happening π are actually above 50%, but you are getting odds of 2.0 meaning you have intrinsic value in your bet.
Unlocking Success: π Mastering the 2 Odds Betting Strategy
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