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What do bookies base their odds on? |
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#1 |
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Forum Member
Join Date: Nov 2008
Posts: 1,818
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What do bookies base their odds on?
I am flabbergasted that KH is favourite to win and am curious as to how bookmakers come up with the odds.
She's a vile excuse for a woman and her arrogance is mind-blowing. If it's based on public opinion, then I am shocked that anyone (other than her family) would think she was a worthy winner and I would question their own morals. They must be of a similar ilk. |
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#2 |
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Inactive Member
Join Date: Jan 2014
Posts: 1,774
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Ive always had a suspicion that some Bookies have access to inside info on voting trends and patterns not only on this show but the likes of X Factor,BGT the Voice etc
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#3 |
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Forum Member
Join Date: Jul 2004
Posts: 1,500
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The "odds" are simply a reflection of the amount of hard cash that the public are prepared to bet on KH to win.
Lowest odds means that more money changed hands over Katie's success than any other housemate. Betfair has £267,000 on Katie and just £14,000 on Kavana, for example |
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#4 |
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Forum Member
Join Date: Nov 2008
Posts: 1,818
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Quote:
The "odds" are simply a reflection of the amount of hard cash that the public are prepared to bet on KH to win.
Lowest odds means that more money changed hands over Katie's success than any other housemate. Betfair has £267,000 on Katie and just £14,000 on Kavana, for example WOW - there are a lot of people like KH at large. Scary thought. |
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#5 |
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Forum Member
Join Date: Jun 2014
Posts: 1,167
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Quote:
I am flabbergasted that KH is favourite to win and am curious as to how bookmakers come up with the odds.
She's a vile excuse for a woman and her arrogance is mind-blowing. If it's based on public opinion, then I am shocked that anyone (other than her family) would think she was a worthy winner and I would question their own morals. They must be of a similar ilk. |
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#6 |
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Forum Member
Join Date: Aug 2012
Posts: 16,125
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Quote:
So presumably they would all start with similar odds until the betting public started placing bets?
WOW - there are a lot of people like KH at large. Scary thought. It just means that a lot of people think she will win (irrespective of it being morally justified) or a few people are prepared to risk a lot of money in the expectation of her winning. No need to be dismayed it doesn't mean our sense of right and wrong have gone to hell in a hand cart. .
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#7 |
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Join Date: Jul 2013
Posts: 1,232
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It's based on watching the show impartially and seeing that Katie is popular in the house, is funny and has contributed to plenty of coverage.
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#8 |
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Forum Member
Join Date: Nov 2008
Posts: 1,818
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Quote:
It's based on watching the show impartially and seeing that Katie is popular in the house, is funny and has contributed to plenty of coverage.
She might be popular in the house, bizarrely, but the housemates aren't voting are they. If sensibility prevails with the voters, then neither KH nor Perez will win. So then surely it's a waste of money betting on either of them? But if either of them do win, then it's a really worrying thought that people would have voted for such an outcome. In my opinion. |
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#9 |
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Forum Member
Join Date: Feb 2006
Posts: 1,458
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Quote:
It's based on watching the show impartially and seeing that Katie is popular in the house, is funny and has contributed to plenty of coverage.
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#10 |
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Forum Member
Join Date: Aug 2012
Posts: 16,125
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Quote:
It's based on watching the show impartially and seeing that Katie is popular in the house, is funny and has contributed to plenty of coverage.
![]() Is it heck as like. ![]()
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#11 |
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Forum Member
Join Date: Dec 2005
Location: exeter
Posts: 14,622
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Quote:
The "odds" are simply a reflection of the amount of hard cash that the public are prepared to bet on KH to win.
Lowest odds means that more money changed hands over Katie's success than any other housemate. Betfair has £267,000 on Katie and just £14,000 on Kavana, for example Quote:
So presumably they would all start with similar odds until the betting public started placing bets?
WOW - there are a lot of people like KH at large. Scary thought. Should be said that reality TV is quite an odd case though, because people betting on it, can actually effect the result, by voting, so those that attract a lot of money will have and advantage. Plenty of alleged betting coups have been done on BB in the past. |
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#12 |
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Forum Member
Join Date: Jan 2015
Posts: 13
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Quote:
She might be popular in the house, bizarrely, but the housemates aren't voting are they.
If sensibility prevails with the voters, then neither KH nor Perez will win. So then surely it's a waste of money betting on either of them? But if either of them do win, then it's a really worrying thought that people would have voted for such an outcome. In my opinion. For example today I placed a bet on Perez at 6/1 with Betfair Exchange. Personally I can't stand Perez but I do think that sufficient of the voting public consider him to be entertaining enough to ensure he will make the final 2 or 3. If so his odds will come tumbling down and hopefully I will then be in position to cash-out at a decent profit. The dark horse for me is KP. She's been fairly dull to watch as a HM but historically she does have a considerable fan base who avidly watch her and buy her books, perfume, etc. I think the final 3 will be KH, KP & Perez ... but the odds suggest that Cheggars is well in the mix. |
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