Re: Manchester City close on Pellegrini (merged)
Its easy to get lost in that post of mine TBH.
In short bookies set the prices and for their own reasons so beware backing favourites ;-)
rastus said:fbloke said:rastus said:As you say, If you put £300 on at 1/3 you win a £100 not bad, but you are encouraged to put on a bigger stake for a reasonable return, giving that the odds are almost a sure thing.
Id rather put £5 on Mourinho at 16/1, bit like the grand national haha
There is also the issue that the market for any event is decided on by the bookies for their own reasons.
I wont bore you with the overround but you can have a read of this if you so desire -
<a class="postlink" href="http://betting.football-data.co.uk/overround.php" onclick="window.open(this.href);return false;">http://betting.football-data.co.uk/overround.php</a>
And calculate on any event here
<a class="postlink" href="http://www.sportsbettingindex.com/odds-calculator.html" onclick="window.open(this.href);return false;">http://www.sportsbettingindex.com/odds-calculator.html</a>
You can then see what 'profit' margin a bookie is running at on a market.
But be wary of shifts in odds as it can be very fake.
If, for example a punter has a 10 horse accumulator win 9 having won and the final race still to be decided a bookie is well within his rights to play dirty.
A punter who has placed those 10 horses in the AM may have expected odds of 3/1 for the first 9 and lumped on a 20/1 in race 10 for the hell of it.
But when the outsider in race ten goes off its price is a EVS even though it stands no chance of winning because a bookie has limited his exposure by placing bets on the 20/1 shot himself.
It can sometimes take very little money to bring a price down too, perhaps just a few hundred quid.
Thanks very interesting reading, but I will have to read 2 or 3 times for it to sink in.
Its easy to get lost in that post of mine TBH.
In short bookies set the prices and for their own reasons so beware backing favourites ;-)