Pee wrote:Sao Paulo won 2-1
Possibly I cursed it for you mate as I was wearing their kit playing footie last night
Eh? 2-1 is a WIN matey!
Tripod wrote:Even though I can see Davetoast's point I imagine the bookies will set the odds over a whole season to reflect the actual probabilities. Which is why John generally is looking for certain matches where he believes the odds are wrong. It would surprise me if you could use a simple system like that (betting against the Top 4 the whole time) and come out top.
That's the point though mate. I'm sure they do set the initial odds to reflect the actual probabilities but as the crowd bets, those odds are modified (Just like where John's odds last night started at 1.75 and ended up coming in to 1.6), wagers with a lot of money going on them coming in to make them less attractive and ones with little money going on them drifting out to make them more attractive, whilst also limiting the bookies' risk. Because, in the particular case of the EPL big 4, the crowd consistently overestimate the big 4 and underestimate lesser opposition, the odds on betting against the big 4 end up having general value over the course of a season, most especially with regards to the draw. On top of this there are a few simple rules which turn the season long odds in your favour even more, those being not betting when big 4 play big 4 and only betting on big 4 Vs Villa or Everton if the odds on Draw/Draw are 5-1 or better. An additional rule might even be written where you don't bet on big 4 matches with newly promoted teams. Having said that, with what Hull have done this season and the likes of Stoke's 2 draws with Liverpool, you'd have to think long and hard about that rule.