Posted by robotiser@googlemail.com on September 12, 2006, 3:29 pm
I don't bet. Ever. But I've noticed that the odds for MotoGP champion
have Rossi at 2.04 to 1 and Hayden at 2.94 to 1. Is Rossi really a
better bet for the championship than Hayden?
Posted by Champ on September 12, 2006, 5:13 pm
On 12 Sep 2006 12:29:22 -0700, "robotiser@googlemail.com"
>I don't bet. Ever. But I've noticed that the odds for MotoGP champion
>have Rossi at 2.04 to 1 and Hayden at 2.94 to 1. Is Rossi really a
>better bet for the championship than Hayden?
That's the essence of betting, wouldn't you say?
--
Champ
Posted by robotiser@googlemail.com on September 12, 2006, 9:00 pm
Champ wrote:
> That's the essence of betting, wouldn't you say?
> --
> Champ
I don't claim to understand betting. But I thought that odds changed as
people made bets as the bookies changed their odds to improve their
chance of winning. In motor racing in the mid-90s, too many brits used
to bet on Damon Hill winning, that his odds changed even though the
chance of him winning races hadn't. So the lower odds on Rossi might be
due to large numbers of people betting on him to win, rather than it
being an indication that the bookies believe he is more likely to win.
Assuming that betfair has "bookies" of some sort setting the odds.
Posted by S Frank on September 12, 2006, 9:19 pm
After the last couple of races, I would think Pedrosa and Rossi
both have a better chance than Hayden if either him or his
bike does not improve.
> Champ wrote:
> > That's the essence of betting, wouldn't you say?
> > --
> > Champ
> I don't claim to understand betting. But I thought that odds changed as
> people made bets as the bookies changed their odds to improve their
> chance of winning. In motor racing in the mid-90s, too many brits used
> to bet on Damon Hill winning, that his odds changed even though the
> chance of him winning races hadn't. So the lower odds on Rossi might be
> due to large numbers of people betting on him to win, rather than it
> being an indication that the bookies believe he is more likely to win.
> Assuming that betfair has "bookies" of some sort setting the odds.
Posted by T3 on September 12, 2006, 10:05 pm
> Champ wrote:
>> That's the essence of betting, wouldn't you say?
>> --
>> Champ
> I don't claim to understand betting. But I thought that odds changed as
> people made bets as the bookies changed their odds to improve their
> chance of winning. In motor racing in the mid-90s, too many brits used
> to bet on Damon Hill winning, that his odds changed even though the
> chance of him winning races hadn't. So the lower odds on Rossi might be
> due to large numbers of people betting on him to win, rather than it
> being an indication that the bookies believe he is more likely to win.
> Assuming that betfair has "bookies" of some sort setting the odds.
It's called "hedging your bets" and that's exactly how books make money..
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>have Rossi at 2.04 to 1 and Hayden at 2.94 to 1. Is Rossi really a
>better bet for the championship than Hayden?