I'm not a seasoned gambler, just interested in stats... so why is it odds against if you

say they are 2.02 to qualify. I thought if you said you can get 2.02 on them not qualifying this would be odds against.

I'm a quick learner I'll get there in the end ;)

Posted By: Tony Martin on April 15th 2009 at 14:02:04

Message Thread

man utd 2.02 to qualify tonight (Betting) - SCC 28, Apr 15, 13:38:14
- hmmm thats 49.5% probability then so a bit of a 50:50 bet (n/m) (Betting) - Tony Martin, Apr 15, 13:49:49
  - it would be if the odds reflected event (Betting) - SCC 28, Apr 15, 13:51:37
    - dont the odds reflect the event though since the bookies set them. (n/m) (Betting) - Tony Martin, Apr 15, 13:54:31
      - betfair isn't a bookies (Betting) - SCC 28, Apr 15, 13:58:34
        
        i see, thought you were getting them from a bookies (n/m) (Betting) - Tony Martin, Apr 15, 13:59:28
        
        bookies are for mugs (Betting) - SCC 28, Apr 15, 14:00:13
    - and no it wouldn't be 49.5% prob if it was 2.02 (Betting) - SCC 28, Apr 15, 13:53:19
      - huh? (Betting) - Tony Martin, Apr 15, 13:55:42
        
        100-(100/2.02) (Betting) - SCC 28, Apr 15, 13:59:44
        
        mug (n/m) (Betting) - SCC 28, Apr 15, 14:05:23
        
        just woke up (Betting) - SCC 28, Apr 15, 14:02:07
        
        I'm not a seasoned gambler, just interested in stats... so why is it odds against if you (Betting) - Tony Martin, Apr 15, 14:02:04
        
        2.02 is odds against (Betting) - SCC 28, Apr 15, 14:04:52
        
        ah i see and hence a greater than 50% probability (n/m) (Betting) - Tony Martin, Apr 15, 14:13:58
        
        nah probability less than 50% (Betting) - SCC 28, Apr 15, 14:17:51
        
        so 102% profit (n/m) (Betting) - SCC 28, Apr 15, 14:18:52
        
        yeah i was talking utter bollocks (Betting) - SCC 28, Apr 15, 14:03:17
        
        is anything new? (n/m) (Betting) - Charles21, Apr 15, 14:10:15
        
        yes (Betting) - SCC 28, Apr 15, 14:15:04
        
        lol (n/m) (Betting) - Charles21, Apr 15, 14:17:18
        
        ah ok, thought I was getting confused easily lol (n/m) (Betting) - Tony Martin, Apr 15, 14:04:14
      - minus commission (Betting) - Charles21, Apr 15, 13:54:03
        
        29 i think (n/m) (Betting) - SCC 28, Apr 15, 13:56:04
        
        tar (n/m) (Betting) - Charles21, Apr 15, 13:59:19
- DEAD (Betting) - pants, Apr 15, 13:47:39
- awful price (n/m) (Betting) - Charles21, Apr 15, 13:39:58
  - you got your ticket yet? (n/m) (Betting) - Charles21, Apr 15, 13:40:07
    - dunno if i'm going yet (Betting) - SCC 28, Apr 15, 13:41:50
      - dunno if i'm going yet (Betting) - Charles21, Apr 15, 13:44:44
        
        yeah the journey will be a mare (Betting) - SCC 28, Apr 15, 13:49:19
        
        ouch (n/m) (Betting) - Charles21, Apr 15, 13:49:55
        
        and we can't celebrate should we score (Betting) - SCC 28, Apr 15, 13:49:46
        
        but it'll be interesting no? (n/m) (Betting) - Charles21, Apr 15, 13:51:18

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