nah probability less than 50%
so returns greater than a 50-50 shot
that's what made me talk bollocks i think.
Posted By: SCC 28 on April 15th 2009 at 14:17:51
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
- i see, thought you were getting them from a bookies (n/m) (Betting) - Tony Martin, Apr 15, 13:59:28
- betfair isn't a bookies (Betting) - SCC 28, Apr 15, 13:58:34
- 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
- nah probability less than 50% (Betting) - SCC 28, Apr 15, 14:17:51
- ah i see and hence a greater than 50% probability (n/m) (Betting) - Tony Martin, Apr 15, 14:13:58
- 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
- ah ok, thought I was getting confused easily lol (n/m) (Betting) - Tony Martin, Apr 15, 14:04:14
- 2.02 is odds against (Betting) - SCC 28, Apr 15, 14:04:52
- 100-(100/2.02) (Betting) - SCC 28, Apr 15, 13:59:44
- minus commission (Betting) - Charles21, Apr 15, 13:54:03
- 29 i think (n/m) (Betting) - SCC 28, Apr 15, 13:56:04
- huh? (Betting) - Tony Martin, Apr 15, 13:55:42
- dont the odds reflect the event though since the bookies set them. (n/m) (Betting) - Tony Martin, Apr 15, 13:54:31
- it would be if the odds reflected event (Betting) - SCC 28, Apr 15, 13:51:37
- 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
- yeah the journey will be a mare (Betting) - SCC 28, Apr 15, 13:49:19
- dunno if i'm going yet (Betting) - Charles21, Apr 15, 13:44:44
- dunno if i'm going yet (Betting) - SCC 28, Apr 15, 13:41:50
- you got your ticket yet? (n/m) (Betting) - Charles21, Apr 15, 13:40:07
- hmmm thats 49.5% probability then so a bit of a 50:50 bet (n/m) (Betting) - Tony Martin, Apr 15, 13:49:49
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