***Official***Match #29 - India vs England- October 29th - Lucknow (D/N)

[Kenneth Viljoen]

As @GIMH says, you can become very rich very quickly if you can consistently show the bookies are wrong..

The bookies aren't rich because they leave things to chance , they are rich because they determine the odds , they include their own built in vig into their odds to guarantee long term profits, combined with other human error factors it's very unlikely you become rich ..

 

[honestbharani]

Stokes stoked division in the team would make for a good headline.

Better than Buttler cooking up issues?

 

[RossTaylorsBox]

Don't bookies change their odds depending on the market? Them making money doesn't mean they're geniuses at predicting sports.

 

[RossTaylorsBox]

Better than Buttler cooking up issues?

Not enough Salt

 

[Molehill]

Don't bookies change their odds depending on the market? Them making money doesn't mean they're geniuses at predicting sports.

No, they can only go on what they know. Were the defending champs who pissed up in last year's T20 more likely to make the semis or finish in the bottom 3?

I did see a tipster here writing off England and suggesting the 8-1 SA was the best value in the tournament - that's looking a pretty astute observation (till the inevitable semi final defeat anyway).

 

[centurymaker]

Odds shorten or lengthen depending on who people are betting more on..

Even in football, odds for English football team are much shorter than they actually should be, only because of greater volume of bets on England.

 

[GIMH]

I don’t think anyone is saying that bookies know everything or are always right. Simply, the idea that being favourites is meaningless is incorrect.

 

[silentstriker]

Don't bookies change their odds depending on the market? Them making money doesn't mean they're geniuses at predicting sports.

That’s my point. Generally speaking, they try to make sure there’s even number of bets on either side so they keep moving the odds until there’s that sort of equilibrium. Meaning, in order to win, you have to beat the collective thinking of other bettors of what the odds should be.