welcometomanchester said:
how on earth have you come up with those percentages? i follow you with odds bit but after that seems like bollocks.
It's not bollocks mate, if you make a game pick em it's 36% both teams and 28% the draw, then apply your margin accordingly.
Conversly if I make Napoli 50% to win the draw 27% and Villarreal 23% then I would apply margin at 106% something like 9/10 Napoli (52.6%) Villareal 3/1 (25%) and the Draw 5/2 (28.6%). Thus a book of 106.2%.
When a bookmaker (or at least a decent bookmaker) prices and event he works out what % he makes each event has of winning (regardless of sport). Once he is happy with his 100% prices he will then apply his overround accordingly. All events have an implied mathematical chance of occuring.
I could go on, but I have work to do
-- Tue Dec 06, 2011 10:46 pm --
reddishblue said:
So how much should I put on a draw then?
It's easy after the event mate, at least I back my opinion, which in this case was a loss on AC Milan after being happy with the bet @ 7/5, especially as they went off 6/5. Happy with the bet despite it losing, would have had more on but an Italian team instantly puts me off, but if they played the game again tomorrow under the same circumstances I would still back AC at 7/5