Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 7:11 pm  

I'm completely puzzled by the latest Betfred Champions betting odds.
Why such a large gap in the odds between Warrington (9/1) and the next teams Wakefield and Huddersfield (both 40/1).
Do they really thinks there is that much difference??????????

Re: Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 7:31 pm  

Bookies pre-conceived opinion of wakeys chances?

Re: Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 8:40 pm  

It’s because more money will be wagered on Wire, than on us.

Odds aren’t a reflection of probability, but of loss/gain.

If enough money is placed on Wakey, the odds will shorten.

I’ll be having a quids worth tomorrow!

Re: Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 9:36 pm  

dboy wrote:

It’s because more money will be wagered on Wire, than on us.

Odds aren’t a reflection of probability, but of loss/gain.

If enough money is placed on Wakey, the odds will shorten.

I’ll be having a quids worth tomorrow!

I point this out every season but it upsets Bellys argument for despair so I don't bother anymore.

You're right that's why they are called Turf Accountants. They don't study form as you rightly say they study betting patterns. So long as the odds cover the bets it makes no difference to them. It's simple really.

Re: Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 10:01 pm  

Well, you learn something everyday! Not being a gambler I somewhat naively thought that the bookie originally set the odds based on "expert" knowledge and previous experience, and then the odds fluctuated based on the betting trends. Not the other way round.

Re: Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 10:36 pm  

vastman wrote:

I point this out every season but it upsets Bellys argument for despair so I don't bother anymore.

You're right that's why they are called Turf Accountants. They don't study form as you rightly say they study betting patterns. So long as the odds cover the bets it makes no difference to them. It's simple really.

Thats how I always understood it, which means a lot of money must have gone on Cas.

Re: Super League 2018 Champions Bettin Odds : Mon Jan 29, 2018 11:50 pm  

I had my usual 10 bucks on Wakey and 10 bucks on the Dragons (nrl) - Got 41 dollars over here for wakey (happy with that)

also had a 10 buck Multi wakey into dragons got the juicy odds of 251/1 - lets go boys!!!

Re: Super League 2018 Champions Bettin Odds : Tue Jan 30, 2018 6:05 am  

I’ve had a tenner on Wakey to be in the top 4 after 23 rounds at 8/1

Re: Super League 2018 Champions Bettin Odds : Tue Jan 30, 2018 12:52 pm  

Mable_Syrup wrote:

I’ve had a tenner on Wakey to be in the top 4 after 23 rounds at 8/1

Thats great odds, I'd have had them at being nearer evens.

Re: Super League 2018 Champions Bettin Odds : Tue Jan 30, 2018 2:09 pm  

There's truth in what most people have said as re. betting and odds that are quoted. Initially when a bookmaker prices up any 'race' be it horses, dogs, football, RL, it is worked out as that 99 times out of a hundred, the bookies can't lose, but of course that doesn't take into account the unpredictable nature of sport does it! Before a ball was kicked in the premier league, you could have got 1000/1 on Huddersfield winning it, and around 11/4 on Man Utd winning it, based on a few factors obviously. If there were lots of bets on Huddersfield to win, their odds would shorten accordingly, and vice versa, but before any bet is struck you have to be quoted a price in the first place, where obviously weight of money hasn't yet played a part. I think the odds I've seen are about right, but I think we are over priced, and Huddersfield & particularly Warrington represent no value, but that's the beauty of sport and why we all love it, the unpredictability.......?!