Correct me if I'm wrong..

But aren't odds calculated these days by mathematical algorithms which monitor the betting activities of punters who know f**k all about f**k all? I know less than f**k all but if I saw decent odds on Paul Lambert getting the Villa job then I might be tempted to lump on. If more clueless f**kwits also decide to lump on this, the odds will fall but the actual probability of PL getting the job would be unchanged.

Back in the day when bookies actually existed they used analysts to calculate odds based on factual information etc but I spose themdays you could only bet on footy results, the gee gees and the boat race, not on when EPL managers would next take a dump etc.

Soooooo.. The odds are shortening coz more ill informed c**tbeaks think that it is worth a punt, nothing more.

Posted By: Waddockhunt on May 27th 2012 at 14:12:20

Message Thread

Any reason why Lambo odds... (NCFC) - loz, May 27, 12:12:52
- Correct me if I'm wrong.. (NCFC) - Waddockhunt, May 27, 14:12:20
  - i've decided to lay lambert at 2.68 (NCFC) - SCC 28, May 27, 15:21:36
  - Yes, that's how betting markets like BetFair work (NCFC) - BerlinCanary, May 27, 14:28:29
    - Sentiment and stupidity. (n/m) (NCFC) - tudders, May 27, 14:34:23
  - Very well put. Rather than betting, a smart move would be to (NCFC) - tudders, May 27, 14:19:05
- Somebody put a fiver on? (n/m) (NCFC) - Duck, May 27, 12:14:05
  - nah it's on betfair (NCFC) - SCC 28, May 27, 12:17:28

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