Leicester currently available at 2/1
Staying in would win ?19,980 profit one third of the time and lose ?20 two thirds of the time (based on 2/1 odds). So the expected value of that is ?6,600 - ?13.33 > ?6,000.
So staying in is definitely the smarter option.
Posted By: Old Man on February 8th 2016 at 19:25:02
Message Thread
- You bet on lcfc to win the prem at 5000/1 with ?20. Cash out is ?6000 (Betting) - Boris, Feb 8, 19:13:44
- Take maybe 3K and let the rest ride (n/m) (Betting) - SCC 28, Feb 8, 19:58:18
- Assume it's 2 quid bet (n/m) (Betting) - SCC 28, Feb 8, 20:02:28
- If the figures are correct then you could lay off for over 28K (Betting) - SCC 28, Feb 8, 20:09:39
- Assume it's 2 quid bet (n/m) (Betting) - SCC 28, Feb 8, 20:02:28
- Cash out (Betting) - Tombs, Feb 8, 19:41:13
- Stay in. Life is a rollercoaster, you just got to ride it (n/m) (Betting) - MIKEWALKER, Feb 8, 19:37:08
- Cash out (Betting) - city_lad, Feb 8, 19:28:49
- Leicester currently available at 2/1 (Betting) - Old Man, Feb 8, 19:25:02
- Nope they were only 2/1 shortly after they beat man city (Betting) - SCC 28, Feb 8, 20:01:12
- Nope, 2/1 right now (Betting) - Old Man, Feb 8, 20:12:45
- But that's a bookie and you can't lay with a bookie (Betting) - SCC 28, Feb 8, 21:43:38
- But I wasn't talking about laying it off. (n/m) (Betting) - Old Man, Feb 8, 23:00:16
- You talked about the expected value (Betting) - SCC 28, Feb 9, 02:14:36
- But I wasn't talking about laying it off. (n/m) (Betting) - Old Man, Feb 8, 23:00:16
- But that's a bookie and you can't lay with a bookie (Betting) - SCC 28, Feb 8, 21:43:38
- Nope, 2/1 right now (Betting) - Old Man, Feb 8, 20:12:45
- In fact I'm out by a factor of ten - misread the odds (Betting) - Old Man, Feb 8, 19:26:29
- FFS. ?33k. Brom knew. Stay in. That is all. (n/m) (Betting) - Old Man, Feb 8, 19:28:22
- ^^ tried to look clever, ballsed it up, gone to have a lie down ^^ (n/m) (Betting) - Old Git, Feb 8, 19:46:15
- Gin. Not a lie down. Otherwise, spot on. (n/m) (Betting) - Old Man, Feb 8, 19:48:07
- ^^ tried to look clever, ballsed it up, gone to have a lie down ^^ (n/m) (Betting) - Old Git, Feb 8, 19:46:15
- FFS. ?33k. Brom knew. Stay in. That is all. (n/m) (Betting) - Old Man, Feb 8, 19:28:22
- Nope they were only 2/1 shortly after they beat man city (Betting) - SCC 28, Feb 8, 20:01:12
- It's a no from me.....hang in there....balks of Steel and big money coming (Betting) - admckechnie, Feb 8, 19:16:53
- 6000 won't change my life (Betting) - CauldRon, Feb 8, 19:15:04
- Take maybe 3K and let the rest ride (n/m) (Betting) - SCC 28, Feb 8, 19:58:18
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