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Is 5/6 better than 1/1, I don't get it, help! |
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#1 |
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Join Date: May 2005
Posts: 143
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Is 5/6 better than 1/1, I don't get it, help!
^^^^^^^^^^^
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#2 |
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Join Date: Feb 2004
Posts: 12,500
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In what context?...
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#3 |
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Forum Member
Join Date: May 2005
Posts: 143
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Who is more likely to go in the stake??
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#4 |
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Banned User
Join Date: Jun 2002
Location: Newcastle on Tyne.
Posts: 15,665
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Evens(1/1) means a pound back for each pound staked.
5/6 is 83 pence in the pound. |
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#5 |
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Join Date: Feb 2005
Posts: 702
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Quote:
Originally Posted by JamieF
^^^^^^^^^^^
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#6 |
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Join Date: Feb 2003
Location: Lewisham
Posts: 5,156
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So I guess the selective editing did its job then...
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#7 |
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Forum Member
Join Date: May 2005
Posts: 143
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so from that... who is most likely to go?
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#8 |
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Forum Member
Join Date: Oct 2003
Location: Stoke on Trent
Posts: 2,297
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5/6 less money for bookies to pay out.
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#9 |
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Banned User
Join Date: Jun 2002
Location: Newcastle on Tyne.
Posts: 15,665
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Odds like that mean it's very close but Mary looks more likely to the bookies. (Don't risk a lot if you're not sure.)
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#10 |
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Forum Member
Join Date: Mar 2004
Posts: 4,113
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I don't understand betting odds at all
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#11 |
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Posts: n/a
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Simple way to understand the odds:
The second number is what you pay, the first number is what you win (if correct) so: 1/1 means if you put £1 on then you win £1 (or if you put £6 on you win £6) 5/6 means if you put £6 on then you win £5 In all cases you also get your initial stake money back if you win |
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#12 |
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Join Date: Jun 2003
Posts: 12,904
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Craig is now 11/10 to go Mary 5/6. Does that mean the odds on her going have increased further
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#13 |
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Banned User
Join Date: Jun 2002
Location: Newcastle on Tyne.
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Quote:
Originally Posted by cherry o
Craig is now 11/10 to go Mary 5/6. Does that mean the odds on her going have increased further
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#14 |
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Forum Member
Join Date: May 2005
Posts: 143
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Quote:
Originally Posted by dawson
Simple way to understand the odds:
The second number is what you pay, the first number is what you win (if correct) so: 1/1 means if you put £1 on then you win £1 (or if you put £6 on you win £6) 5/6 means if you put £6 on then you win £5 In all cases you also get your initial stake money back if you win |
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#15 |
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Forum Member
Join Date: Feb 2005
Posts: 702
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I think that the bookies are shortening Marys Odds to be evicted because they are worried about her staying.
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#16 |
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Forum Member
Join Date: Aug 2004
Posts: 206
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5/6 is odds on, if the odds were 6/5 this would be odds against.
To calculate the odds devide 5/6 which will give you 0.83. Therefore you will win 83 pence for every pound you stake. On the other hand if the odds were 6/5 (odds against rather than odds on) the same calculation would give you £1.20 for every pounds staked. |
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#17 |
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Forum Member
Join Date: May 2005
Posts: 143
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Quote:
Originally Posted by chapp21
5/6 is odds on, if the odds were 6/5 this would be odds against.
To calculate the odds devide 5/6 which will give you 0.83. Therefore you will win 83 pence for every pound you stake. On the other hand if the odds were 6/5 (odds against rather than odds on) the same calculation would give you £1.20 for every pounds staked. |
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#18 |
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Posts: n/a
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Quote:
Originally Posted by JamieF
Oh right, so if you put £5 on 5/6 and £5 on 11/10 then you get more money on 11/10 thus there is more chance of 5/6 to get evicted as the bookies will pay out less??
But sometimes the bookies, like everyone, make mistakes. In the CBB3 final, Kenzie was something like 1/10 favourite to win, whilst Bez was more like 5/1. Bez won. |
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#19 |
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Forum Member
Join Date: Aug 2004
Posts: 206
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Quote:
Originally Posted by JamieF
Thanks man, I get it. Last question... So if the bookies have to pay more for your pound ie 2/1 you get £2 for your £1 and there was an odd of 3/1 where you get £3 for your £1 would it be more likely for 2/1 to occur than 3/1??
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#20 |
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Forum Member
Join Date: May 2005
Posts: 143
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I understand, thanks dawson, I ow you
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#21 |
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Banned User
Join Date: Jun 2002
Location: Newcastle on Tyne.
Posts: 15,665
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No thanks for me........
That's the last time I..............
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#22 |
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Forum Member
Join Date: May 2005
Posts: 143
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Quote:
Originally Posted by CHUTNEY
No thanks for me........
That's the last time I.............. ![]()
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#23 |
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Forum Member
Join Date: Jul 2004
Posts: 2,862
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Quote:
Originally Posted by dawson
Yes that's the theory. The bookies are suggesting that as Mary is more likely to go at present, they will pay out less.
But sometimes the bookies, like everyone, make mistakes. In the CBB3 final, Kenzie was something like 1/10 favourite to win, whilst Bez was more like 5/1. Bez won. |
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#24 |
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Forum Member
Join Date: Feb 2005
Posts: 702
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I'd be sticking with Craig to be evicted at the moment. (better value odds)
The reason why Marys odds are shorter than Craigs is possibly a few things but the most likely is that if Craig is evicted tonight the Bookies face a massive payout so they are now trying to cover themselves by making out to the 'betting public' that Mary is more likely to go...this now favourite to be evicted will attract lots of bets from punters who always back favourites, thus recouping the money they will lose when Craig is evicted. Hope this makes some sort of sense. Or the bookies all know something we dont?? |
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#25 |
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Banned User
Join Date: Jun 2002
Location: Newcastle on Tyne.
Posts: 15,665
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Quote:
Originally Posted by JamieF
Sorryyyyyyyyy, I thank you too
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