Re: Another player : Fri Nov 25, 2022 5:04 pm
The bookies won't be pricing up our league anytime soon so I thought I'd have a stab at it.
If you fancy calculating prices yourself, firstly give each of the 11 teams a percentage chance of winning the league. The total win percentage chances for the 11 clubs must come to 100. To then calculate the odds for each team: take 100 and divide it by the win percentage chance. This gives the decimal odds. For example, if you think the Dons have a 40% chance of winning the league, their decimal odds would be 100 divided by 40 = 2.50. 2.50 in decimals is the same as 6/4 in fractions. I found it quite tough to attach win percentages to each team but the thing that struck me was that it could well be quite an open league this season. The image below shows my calculations. I've got the Dons at 5/1 to win the league and 2/1 to get promoted. The bookmakers' prices will probably be shorter than those I've listed as they'll build a profit margin into their book. My book assumes no profit margin for backer or layer. |
The bookies won't be pricing up our league anytime soon so I thought I'd have a stab at it.
If you fancy calculating prices yourself, firstly give each of the 11 teams a percentage chance of winning the league. The total win percentage chances for the 11 clubs must come to 100. To then calculate the odds for each team: take 100 and divide it by the win percentage chance. This gives the decimal odds. For example, if you think the Dons have a 40% chance of winning the league, their decimal odds would be 100 divided by 40 = 2.50. 2.50 in decimals is the same as 6/4 in fractions. I found it quite tough to attach win percentages to each team but the thing that struck me was that it could well be quite an open league this season. The image below shows my calculations. I've got the Dons at 5/1 to win the league and 2/1 to get promoted. The bookmakers' prices will probably be shorter than those I've listed as they'll build a profit margin into their book. My book assumes no profit margin for backer or layer. |
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