How many points will be needed to win the league? (74 GD)

How many points will be needed to win the league?

  • 81 - 85

    Votes: 671 67.0%
  • 76 - 80

    Votes: 280 28.0%
  • 70 - 75

    Votes: 50 5.0%

  • Total voters
    1,001
  • Poll closed .
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So majority are 150/1 for United and you can get 1/1000 on City?

There’s a margin there for someone.
It's actually not as big a margin as it might appear.

For the bookies to have to pay out £1000 on City, someone would have to bet £999 (or near as dammit). For them to have to pay out £1000 on a scum win, someone would have to bet £6.66.

Adding together £999 and £6.66 = £1005.66 for a guaranteed payout of £1000, giving an "expected profit" of £5.66, which equates to a profit margin of 0.566%.

Obviously this is a simplified scenario as we're ignoring all other teams but I wouldn't have thought that would make much difference in this situation.

Guess who used to be a bookie?!
 
For the bookies to have to pay out £1000 on City, someone would have to bet £999 (or near as dammit). For them to have to pay out £1000 on a scum win, someone would have to bet £6.66.

Adding together £999 and £6.66 = £1005.66 for a guaranteed payout of £1000, giving an "expected profit" of £5.66, which equates to a profit margin of 0.566%.
You said for the bookies to have to pay out £1000 on City, someone would have to bet £999 (or near as dammit)

For the bookies to pay out £1000 on City, would a punter not have to put a bet of 1000 x £1000 or am I reading it wrong
 
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