Tag: odds
Do Betfair markets reflect true opinion?
OK, for years the exchange mechanism has provided a very useful pricing mechanism. A careful aggregation of demand between people competing on a level playing field and it has provided a beautiful insight into the way free markets can work to mysteriously, accurately, price an event – in this case the prediction that something will win a sports event.
Changes
But we have been watching closely as the market has gradually decoupled from it’s long established core. What do we …
Estimating correct score odds
In this video I discuss a simplistic approach to estimating correct score odds by deriving them from the match odds markets. You can do this automatically in Bet Angel. There are several layers and depths you can get to with pricing models and this is a fairly simple ‘top level’ model that is easy to understand but is not particularly refined.
For clarity I’ve also included a market where this model is not appropriate and where you should use a …
The thin line between individual skill in Tennis
If you have been active on Wimbledon these past two weeks you would have seen some great matches. But you should have also seen something else, maybe without realising it.
Often you see an outsider really battle away at a heavy odds on favourite, maybe even winning the first set, but despite this their odds don’t seem to come in that much. If you look at Murray’s match against Janowicz, Janowicz was at one set all and leading 4-1. His …
Today’s crop of dodgy football matches
The football season is pretty much over, but the fun and games are not it seems. With a few things to be decided in Italy there is still time for some unusual odds, volume and perhaps results? I have attached an image for posterity. At 09:00 this morning the matched bet volume on Verona vs Empoli was the leading traded volume on the football for the entire day for all matches!
Novara vs Lanciano – £15k matched, £11k on the …
Money buying
Lots of money buying going on today with the World Cup 2014 qualification matches taking place. Some pretty uncompetitive affairs in there, here is a list of key matches listed by decimal odds, from the least competitive to the most competitive: –
1.01 – San Marino vs. England
1.07 – Netherlands vs. Estonia
1.08 – Spain vs. Finland
1.09 – Kazakhstan vs. Germany
1.09 – Andorra vs. Turkey
1.13 – Egypt vs. Swaziland
1.14 – Austria vs. Faroe Islands
1.15 …
A tale of two different tournaments
You couldn’t wish for two more different tournaments in the French open this year. On the men’s side Nadal is playing consistently and has eased through to the latter stages. His opponents meanwhile have stuttered and at times looked in real trouble. If you look at the men’s draw; all this has meant that Nadal, ‘the king of clay’, has shortened from 1.72 at the start of the tournament to just 1.58. All the other top seeds have drifted.
On …
Book%
I fielded a question from somebody recently about the book% and what information does that contain?
I’ve seen quite a few theories about what the book% can actually tell you, but here is what it tells me.
At it’s most basic level the book percentage is merely a broad measure of the market. A big number of selections will equate to a big book% and small field a small one. This is due to the spread between back and lay …
Cheaters never prosper
I saw this post on another blog recently and it shows up how statistics can actually reveal very little at all. This is obviously unintended in this case, but is a trap a lot of people fall into very often. Especially when gambling / trading.
https://www.soccerbythenumbers.com/2011/09/cheaters-never-prosper-connection.html
I first looked into the relationship with fouls and goals some time ago and the link is the attacking strength of one team over the defence of another. If your defence is under pressure …
Feast or farce
Not difficult to choose what to do this afternoon. Yes there was some racing on but when end up with 15 minute gaps and one race at Pontefract had just two runners, though curiously this was the best race of the day for me.
Over at Wimbledon there were quite a few decent matches and opportunties so it was this that held the main interest for me today. As a point of interest, if you want evidence that people are …
Crianza
I’ve had a few beers on Crianza this evening after it romped home at Redcar today. Nothing remarkable about a horse winning a race, but Crianza came in at odds of 1000 and I had money on.
It’s the second time I have managed this, the last time was on Bermondsey Bob at Salisbury in August 2008. Therefore I assume the mean return time of this sort of thing happening is around once every two years. The funny thing …
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