[Misc] Betting market help please

[Goldstone1976]

I was looking through random betting markets for the PL and found something that I don’t quite believe...

Handicap Win 20/21 Spurs +25 40/1.

The market rules say ‘who will win the league with the stated points handicap applied?’

Surely, they can’t mean they’re offering 40/1 against Spurs being 25 points off top at the end of the season??

They’re also offering City +0 230/1. Isn’t this just a straight up back of City to win @230/1??

I must be misunderstanding this market, Shirley?

What am I misunderstanding please?

 

[Machiavelli]

That betting's a mug's game?
Bet on wine instead. Methinks you're better at it.

 

[junior]

Betting is for mugs.

Put your money in the bank if you don't need it for anything more important. You'll end up with more money in the long run.

Or donate it to charity if you really don't need it.

 

[Goldstone1976]

That betting's a mug's game?
Bet on wine instead. Methinks you're better at it.

The cellar’s been self-financing for 30 years now.

I started out looking for odds on Albion finishing top 10, and didn’t like them, so went browsing... a gentle bit of entertainment, s’all.

 

[The Optimist]

Every team gets the handicap points listed, not just the one you back.

 

[Billy Seagull]

I presume that there are other teams, Leicester for example, that have more points on the handicap than Spurs and have shorter odds but both prices you've highlighted are strange. Can you link to the market or let us know which bookie it is.

 

[Goldstone1976]

Betting is for mugs.

Put your money in the bank if you don't need it for anything more important. You'll end up with more money in the long run.

Or donate it to charity if you really don't need it.

I’ll also end up with more money if I give up my ST, eat only potatoes, stop heating my house, and sell all my possessions. I choose not to do these things in the pursuit of a larger bank balance because they give me pleasure - more pleasure than I’d derive from having more money in the bank.

The same is true of my betting activity. My (average) fiver a week spent on this also gives me a tiny amount of pleasure - roughly a fiver a week’s worth, I’d say.

 

[The Wizard]

I would guess it’s starting from now?

I’ve never seen that market but whichever website you use I would look in the rules on the specific website, betting companies don’t often get odds wrong and if they do make a pricing errors it’s in the t&c that they don’t pay out.

 

[knocky1]

Maybe the prices are reflected by the value of some of the other handicaps? You need to take every team’s handicap into account.

Does look too good to be true. Stick some pennies on some teams now and find out what happens.

 

[Goldstone1976]

I presume that there are other teams, Leicester for example, that have more points on the handicap than Spurs and have shorter odds but both prices you've highlighted are strange. Can you link to the market or let us know which bookie it is.

Betfair exchange.

I wondered if you’d be betting on the whole market, but it doesn’t appear like it. Each bet is separately listed.

I haven’t made either bet because I can’t believe my interpretation is correct. City to win at 230/1, Spurs being 25 points off top at 40/1? Can’t be right.

 

[Goldstone1976]

Maybe the prices are reflected by the value of some of the other handicaps? You need to take every team’s handicap into account.

Does look too good to be true. Stick some pennies on some teams now and find out what happens.

Yeah, I wondered that - but each bet is individual...

Sod it, it’s only a couple of quid...

 

[Goldstone1976]

Every team gets the handicap points listed, not just the one you back.

Ah. I wondered that. That’s not what the rules say, but would make more sense than City to win at 230/1!

I’m out then.

EDIT: actually, you can read the rules in the way that you say. I just didn’t read them that way. Somewhat ambiguous.

 

[MattBackHome]

I was looking through random betting markets for the PL and found something that I don’t quite believe...

Handicap Win 20/21 Spurs +25 40/1.

The market rules say ‘who will win the league with the stated points handicap applied?’

Surely, they can’t mean they’re offering 40/1 against Spurs being 25 points off top at the end of the season??

They’re also offering City +0 230/1. Isn’t this just a straight up back of City to win @230/1??

I must be misunderstanding this market, Shirley?

What am I misunderstanding please?

You have to apply every team's handicap and then it's who has the most points after that

 

[Barnet Seagull]

Standard odds are 11/2 for Tottenham (+25)
What you're looking at is the bet against the entire market. i.e. against all the other teams with handicaps applied. Hence Villa being shortest priced.

 

[Goldstone1976]

Standard odds are 11/2 for Tottenham (+25)
What you're looking at is the bet against the entire market. i.e. against all the other teams with handicaps applied. Hence Villa being shortest priced.

Thanks. Got it. Now I understand, I’m out. Far too complicated for this bear of little brain.

 

[MattBackHome]

I was looking through random betting markets for the PL and found something that I don’t quite believe...

Handicap Win 20/21 Spurs +25 40/1.

The market rules say ‘who will win the league with the stated points handicap applied?’

Surely, they can’t mean they’re offering 40/1 against Spurs being 25 points off top at the end of the season??

They’re also offering City +0 230/1. Isn’t this just a straight up back of City to win @230/1??

I must be misunderstanding this market, Shirley?

What am I misunderstanding please?

http://www.equinoxx.info/2020/07/pr...ting-result-premier-league-2019-2020.html?m=1

Last year's final table here if that helps

 

[Billy Seagull]

Aston Villa have a 51 points start on Man City and are trading at about 1/2. West Ham have a 44 point start on City too.

The markets on the exchange are always a good indication of the current position given its punters and bots who are doing the laying.

 

[Shropshire Seagull]

As far as I can see, the only sure way to make money out of gambling is to either own the casino or be the bookmaker.

Then, all your "customers" give you lots of their money, so long as, every now and again, you give them back a little to keep them interested.

 

[Arthritic Toe]

As far as I can see, the only sure way to make money out of gambling is to either own the casino or be the bookmaker.

Then, all your "customers" give you lots of their money, so long as, every now and again, you give them back a little to keep them interested.

Fortunately for BHA, Tony Bloom doesn't share your philosophy.

 

[Lenny Rider]

Please don't bet my friend, its as addictive as drink, cigarettes and drugs, and causes equally as much pain and damage.

I know I've got my 'fun' bet, if the Albion go down his beard comes off, if they stay up I have to put £1,000 in the kitty for his stag weekend to Benidorm (Don't tell him but I was going to do that anyway, I just hate his beard)

But in seriousness the needs of the gambling addicts in the UK have been ignored in favour of the betting companies profits, imagine the fury if the tobacco companies gave out free fags or the drink companies gave out free booze to alcoholics? Yet no one bats an eyelid to the endless reams of free bets on offer to draw gamblers in.