@ said:@ said:@ said:That's a 67% win rate at an average payout above $2.50, and $2.50 equates to a bookie win confidence of 17.5% (i.e. ~50% disparity between bookie confidence and actual results).
jirskyr, a price of $2.50 equates to a probability of 40%. Given that the bookie's profit is also in that price the actual probability they are working on is a bit less. They normally frame their markets to around 115%-125%. In theory, if their market works perfectly they make $15-$25 per $100 wagered.
Having said that, I take your overall point.
You are right re probability. What I was looking at was a variation from the vig, something I keep an eye on for bets, i.e. the relative distance from $1.91 (in sportsbet's case) as a proposition of bookie confidence.
No worries, I see where you’re coming from. Looking at the Rooster’s game Sportsbet have them at $1.30 (76.9%) and us at $3.50 (28.6%) - a fairly generous early market of 105.5% - or you can take a bit less than evens we won’t be beaten by more than 9 points.
I think we’re a big chance to knock them off so I’m having a good go at the outright win and a saver at the 9.5 pts in but will wait until closer to the game. Injuries etc might make a difference.
interesting that Vic TAB put our odds out after the trial?
Best bet of the year is Tigers to make the 8 @ $6 - though I remember when I was wrong once. Gamble responsibly ?