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help with fencing


Fencing

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i was reading a book a while ago, and there was a small section on 'fencing bets'

 

i was experimenting, not putting any money on- and a few people in the bookies were helping me, but we could not figure it out.
it seems like i can calculate what i need to do to cover my bets when it is win/lose/draw; but can't fit all three variables. ie i can work out win/lose, win/draw, lose/draw. 
when the offer is win/lose- i can never 'catch' that margin and it seems like the home is always ahead of me by one step.

 

does anyone here have any advice? this was regarding football, but i might be playing the wrong sport. should i try tennis, fencing, something else? 
I would like to learn to fence horse/greyhound racing, as we do enjoy going to the track on the weekend. 

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