Comments on: Being Fair to BetFair http://www.somethinkodd.com/oddthinking/2005/11/03/being-fair-to-betfair/ A blog for odd things and odd thoughts. Wed, 01 Feb 2012 22:21:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: OddThinking » Julian’s Job Status FAQ http://www.somethinkodd.com/oddthinking/2005/11/03/being-fair-to-betfair/comment-page-1/#comment-226307 OddThinking » Julian’s Job Status FAQ Tue, 30 Mar 2010 13:18:40 +0000 http://www.somethinkodd.com/oddthinking/?p=123#comment-226307 [...] Bookies don’t work they way they used to. These days, you can bet on exchanges, like BetFair. Arguably, you are no longer betting against bookies, but directly against other mug punters. Of [...] [...] Bookies don’t work they way they used to. These days, you can bet on exchanges, like BetFair. Arguably, you are no longer betting against bookies, but directly against other mug punters. Of [...]

]]> By: OddThinking » Happy Second Anniversary, OddThinking! http://www.somethinkodd.com/oddthinking/2005/11/03/being-fair-to-betfair/comment-page-1/#comment-34707 OddThinking » Happy Second Anniversary, OddThinking! Tue, 10 Apr 2007 10:33:36 +0000 http://www.somethinkodd.com/oddthinking/?p=123#comment-34707 [...] Being Fair to BetFair* [...] [...] Being Fair to BetFair* [...]

]]> By: Julian http://www.somethinkodd.com/oddthinking/2005/11/03/being-fair-to-betfair/comment-page-1/#comment-1888 Julian Tue, 22 Nov 2005 08:09:41 +0000 http://www.somethinkodd.com/oddthinking/?p=123#comment-1888 Alan, You are right. You need to bet an amount on each horse in inverse-proportion to the horse's odds in order to balance it out. That makes it hard to bet "$1 worth", but the kind of corruption that is being suggested here would require bets substantially higher than $1 to make it worthwhile. Alan, You are right. You need to bet an amount on each horse in inverse-proportion to the horse’s odds in order to balance it out. That makes it hard to bet “$1 worth”, but the kind of corruption that is being suggested here would require bets substantially higher than $1 to make it worthwhile.

]]> By: Alan Green http://www.somethinkodd.com/oddthinking/2005/11/03/being-fair-to-betfair/comment-page-1/#comment-1882 Alan Green Tue, 22 Nov 2005 01:01:48 +0000 http://www.somethinkodd.com/oddthinking/?p=123#comment-1882 Nit-picking: Betting on every other horse is quite not the same as betting against one horse, in the Betfair sense. F'r instance, let's assume there are ten horses in a race. You are betting against one horse, so you place $1 on the 9 others to win. In order for you to make your money back, the winning horse must have odds of at least 8:1. Nit-picking: Betting on every other horse is quite not the same as betting against one horse, in the Betfair sense.

F’r instance, let’s assume there are ten horses in a race. You are betting against one horse, so you place $1 on the 9 others to win. In order for you to make your money back, the winning horse must have odds of at least 8:1.

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