WHAT BOOKIE'S DONT KNOW An interesting experiment was conducted by the MrTipster Team recently, with surprising results. Our Analysis Team spent 10 weeks, placing 10 wagers every week (all on games on the same day), on the Underdogs in Major League Baseball. There was no research done, no deep analysis, no thought. The Bookies placed a Team as Favorite - and we bet against it. The odds on offer for the Underdogs ranged from 2.1 to 3.4. The results? After 10 weeks and 10 wagers per week, we made a profit of 12.32% on the total amount wagered - One hundred $100 wagers = $10,000(AUD) gave us a $1232(AUD) profit. So what does this show? The Bookies prices are based on creating an EVEN book - they don't reflect the true odds of what a team's capability is. Quite often odds will be inflated on an Underdog in order to create the "even book" - not because that is the fair price, but because they need to entice the public to wager money on the underdog in order to hopefully make money no matter who wins. This creates good value for the savvy punter. And regularly the Underdog gets up for a win. You do the math. NEVER UNDER-ESTIMATE THE UNDERDOG - JUST BECAUSE A BOOKIE SAYS A TEAM/PLAYER IS AN UNDERDOG -IT DOESN'T MEAN THEY WILL LOSE
|
||||
