60-1 on Skybet

[Deleted member 875]

For us to draw the Pigs. Just got a gut feeling.........

 

[Snowman]

Hartlepool away, nailed on. What's odds?

 

[Ricky]

We're still paying for that 4-2 win so we're due at least another bad one v Wednesday. Might as well get one out of the way in the FA Cup...

 

[PeterNdlovu081]

Easy money as always for the bookies.

 

[Shalalalafenoughty]

Easy money as always for the bookies.

Well, yes, but Wednesday are one of sixty-three possible opponents so the offer of 60/1 about a true 62/1 chance represents a pretty modest profit margin.

They were never going to offer 64/1, were they? It’d be like quoting heads at odds against on a coin toss. They’d always go a shade of odds-on or they wouldn’t have a business.

 

[Weasel]

Home to Millwall I reckon.

 

[Russ]

I reckon Barnet. Might put a fiver on it.

 

[BigBed]

For us to draw the Pigs. Just got a gut feeling.........

Was it wind??

 

[PeterNdlovu081]

Well, yes, but Wednesday are one of sixty-three possible opponents so the offer of 60/1 about a true 62/1 chance represents a pretty modest profit margin.

They were never going to offer 64/1, were they? It’d be like quoting heads at odds against on a coin toss. They’d always go a shade of odds-on or they wouldn’t have a business.

They could have offered odds of 6,000/1 and they still would have made money.

 

[Shalalalafenoughty]

They could have offered odds of 6,000/1 and they still would have made money.

Okay.

Er, if you ever decide to go into business as a bookie, please could I have an account with you?

 

[PeterNdlovu081]

Okay.

Er, if you ever decide to go into business as a bookie, please could I have an account with you?

You do know we didn't draw Wednesday, don't you?

 

[Shalalalafenoughty]

You do know we didn't draw Wednesday, don't you?

I do indeed.

But I’d still be interested in opening that account.

Keep me in mind, eh?

 

[Chief_Froley]

I reckon Barnet. Might put a fiver on it.

 

[Russ]

View attachment 46586

No just a sex-god.

 

[PokerBlade]

Well, yes, but Wednesday are one of sixty-three possible opponents so the offer of 60/1 about a true 62/1 chance represents a pretty modest profit margin.

They were never going to offer 64/1, were they? It’d be like quoting heads at odds against on a coin toss. They’d always go a shade of odds-on or they wouldn’t have a business.

It may seem like a small edge but it's pretty significant.

At least with sports betting there's no clear answer. You can't empirically show that a team is a 5/4 favourite in next week's game. It's a lot of estimates and hedging by the bookies and there's at least the possibility that you could find a good bet.

I have no idea why anyone would look at a fixed odds event like this, see it's a clear loss, and still want to bet on it. Roulette's always baffled me for the same reasons.

 

[PokerBlade]

They could have offered odds of 6,000/1 and they still would have made money.

Although if they really had no idea how expectation works, they wouldn't for very long...

 

[BLADES1988]

I bet SYPD had a hand in that not happening

 

[North East Blade]

Hartlepool away, nailed on. What's odds?

Would have been nice but they messed up a 2 goal lead over gillingham in the replay

 

[Snowman]

Would have been nice but they messed up a 2 goal lead over gillingham in the replay

Doh!