I'm no betting expert but I have asked this before - high is bad.
Thanks Madeline. I guess I also need to know what number means 50:50 chance of winning. ie are all our girls likely to lose if the odds are to be believed?
Anne 1.21 - 3.51 Bally 1.26 - 3.15 Hev 1.50 - 2.25 Naomi 2.37 - 1.45 Laura 2.52 - 1.40 JoKo 4.76 - 1.11
Excuse my ignorance, but can someone please explain how this works. Is a high number good or bad?
A higher number represents less chance of winning. That is bad for a player you want to win, but good if you want to place a bet as you get better odds!
The number represents how many times each player would have to play the match to expect to win once. For example Laura is expected to beat Schiavone once every 2.52 times (about 40%), whereas Heather will beat Besenova once ever 1.5 times (67% of the time).
Bet365 seems to quote the "old-fashioned" way. So Heather is currently quoted at 3/10, which in percentage terms gives her a 23% chance of winning (3/13). Her opponent is 12/5, with a 70% chance (12/17). (The "missing" 7% being the bookie's profit margin.)
Where does your 1.36 (69%) come from?
An off course, bookie's odds are purely a function of the number of people betting on each outcome, and lots of people bet with their hearts rather their heads. So while lots of people betting on Heather will shorten her odds, it won't mean she's more likely to win.
And the philosophy of single-event probability is an interesting subject in itself ....
I know almost nothing about betting but yesterday the horse Black Caviar that always wins was 1/6 for her race at Ascot (as opposed to being 6/1) so I believe that Heather at 3/10 suggests that she is the strong favourite, if you give the bookmakers £10, they will give you back £3 + your original £10 if she wins. The 1.36 is the ratio of your return if successful, against your investment, in my example £13 (£3 + £10) divided by £10; which would be 1.30.
-- Edited by kundalini on Sunday 24th of June 2012 11:31:45 AM
You are confused... or ironic... which may be a delightful coincidence for you!
To illustrate simply, the odds 3/10 for Heather's match mean currently for every 13 times she plays Benesova she will lose 3 times and win 10. If the second number is greater than the first the odds are more likely that the given player will win. Benesova's odds are 12/5 which says for every 17 times they play she will lose 12 and win 5 of those matches.
If I'm wrong please delete this post! I'll hang my head in shame.
Yes, you and Kundalini are right, I got it the wrong way round, quite excessively stupid!
-- Edited by Ratty on Sunday 24th of June 2012 11:48:02 AM
__________________
"Where Ratty leads - the rest soon follow" (Professor Henry Brubaker - The Institute of Studies)
Whilst we are talking about odds, they have changed quite a bit from yesterday:
Latest from Bet365
Anne 1.36 (69% chance of winning) Bally 1.36 Hev 1.36 Laura 2.20 (42%) Naomi 3.00 (31%) Johanna 7.00 (14%)
Odds definitely shortening for Hev and Laura, but lengthening for Naomi and Johanna.
We should get on average 2.93 winners from eround 1. In reality, I think 3 wins would be excellent as the odds are clearly factoring in how well Hev and Laura are playing right now - for both a win would be an impressive achievement against a higher ranked opponent.
Bet365 seems to quote the "old-fashioned" way. So Heather is currently quoted at 3/10, which in percentage terms gives her a 23% chance of winning (3/13). Her opponent is 12/5, with a 70% chance (12/17). (The "missing" 7% being the bookie's profit margin.)
Where does your 1.36 (69%) come from?
An off course, bookie's odds are purely a function of the number of people betting on each outcome, and lots of people bet with their hearts rather their heads. So while lots of people betting on Heather will shorten her odds, it won't mean she's more likely to win.
And the philosophy of single-event probability is an interesting subject in itself ....
__________________
"Where Ratty leads - the rest soon follow" (Professor Henry Brubaker - The Institute of Studies)
Bet365 seems to quote the "old-fashioned" way. So Heather is currently quoted at 3/10, which in percentage terms gives her a 23% chance of winning (3/13). Her opponent is 12/5, with a 70% chance (12/17). (The "missing" 7% being the bookie's profit margin.)
Where does your 1.36 (69%) come from?
An off course, bookie's odds are purely a function of the number of people betting on each outcome, and lots of people bet with their hearts rather their heads. So while lots of people betting on Heather will shorten her odds, it won't mean she's more likely to win.
And the philosophy of single-event probability is an interesting subject in itself ....
You are confused... or ironic... which may be a delightful coincidence for you!
To illustrate simply, the odds 3/10 for Heather's match mean currently for every 13 times she plays Benesova she will lose 3 times and win 10. If the second number is greater than the first the odds are more likely that the given player will win. Benesova's odds are 12/5 which says for every 17 times they play she will lose 12 and win 5 of those matches.
If I'm wrong please delete this post! I'll hang my head in shame.
Broady on court 16 - 3rd match on - not usually a televised court but Laura was put on that court last year and they televised it, so they might this year??? Konta on court 17 - 4th match on - again dont think it is usually a televised court but they might be able to put a camera on it (would have thought as it being agaisnt McHale they would have been on a more show court) Hev - TBA - hoping I guess to be put on a big show court!
Looks like an 11:30 start time for the outside courts - that's a bit of a change to tradition for Wimbledon
A good change though, I also think they should maybe start at 12 for the two big courts and then look into putting 4 matches on but I doubt that will happen.