Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Week 26 - WTA ($11M) - Wimbledon, UK Grass (Main Draw)


Admin:Moderator + Tennis Legend

Status: Offline
Posts: 12091
Date:
RE: Week 26 - WTA ($11M) - Wimbledon, UK Grass (Main Draw)


I'm no betting expert but I have asked this before - high is bad.

__________________


Grand Slam Champion

Status: Offline
Posts: 3985
Date:

Madeline wrote:

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?



__________________

Face your fears........Live your dreams!



ATP qualifying

Status: Offline
Posts: 2847
Date:

Helen40 wrote:
DavidC wrote:

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).

 

Odds of 2 would mean a 50/50 chance



__________________


Grand Slam Champion

Status: Offline
Posts: 3985
Date:

Thanks both, that's cleared it up alot for me

__________________

Face your fears........Live your dreams!



Specialist Reporter + Intermediate Club Player

Status: Offline
Posts: 2408
Date:

Ratty wrote:

I'm confused.

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

__________________


County player

Status: Offline
Posts: 979
Date:

Danjn wrote:

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)



ATP qualifying

Status: Offline
Posts: 2847
Date:

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.

__________________


County player

Status: Offline
Posts: 979
Date:

I'm confused.

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)



Lower Club Player

Status: Offline
Posts: 244
Date:

Ratty wrote:

I'm confused.

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.



__________________


Intermediate Club Player

Status: Offline
Posts: 323
Date:

OOP is out;

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!

__________________


Tennis legend

Status: Offline
Posts: 18102
Date:

Monday's oop is out

Naomi 3rd on court 16, JoKo 4th on 17 with Heather tba (ie Centre or No. 1 if the scheduled matches are quick)

__________________


ATP qualifying

Status: Offline
Posts: 2847
Date:

Looks like an 11:30 start time for the outside courts - that's a bit of a change to tradition for Wimbledon

__________________


Intermediate Club Player

Status: Offline
Posts: 323
Date:

tony_orient wrote:

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. 



__________________


Challenger level

Status: Offline
Posts: 2559
Date:

Sheesh. Was hoping for some earlier matches. Pleased heather will maybe be on the big stage but I might have to miss it.


__________________

S&V


Club Coach

Status: Offline
Posts: 740
Date:

Love to see 3 win, seems as hopeful as I can be

__________________
«First  <  1 2 3 420  >  Last»  | Page of 20  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse
Powered by ActiveBoard