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Author Topic: Tips for Tikay  (Read 13523938 times)
arbboy
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« Reply #69225 on: February 27, 2014, 01:23:25 PM »

Firstly would like to thank Tighty for inviting me back to the forum after a near 4 year gap at DTD at the weekend.  After taking plenty from this thread in the past 2 years and not being able to give anything back apart from private skype discussions with redarmi/Mrs Bandit/Tighty

Interesting point for discussion here.

A lot has been spoken recently about the EPL outright market on this fred and it being perfectly formed etc etc 'all the info is out there' etc etc. Whilst i agree with that in most markets there are plenty of other factors which 'alter' these markets this time of the season and historically has always been a profitable way of punting for me over the years exploiting firms ante post positions in 'giving' away profits to green up on their ante post liabilities on teams they haven't laid 'to get a bit in the book' or 'it suits to lay' blah blah blah.

I think this season is even more likely than ever to provide these opportunities for the following reason.  Looking at how the 4 football league tables in england stand at the minute virtually every mug ew acca/yankee/lucky 15 that punters have placed at the start of the season on the ante post fav or 2nd fav is going to win at least the place part of the bet with some truely massive potential liabilities running up on the win parts of these bets.

EPL is obvious front two in the market ante post are sitting 1st and 2nd and Manchester Utd who were co favs of 3 when the betting opened drifted like a barge towards the start of the season as money poured in ew for arsenal and liverpool.

Championship the front two in the ante post market were qpr and leics.  Div 1 Wolves and brentford the same.  Div 2 Chesterfield and Scunthorpe the same.  Luton in the conference.  With the exception of qpr all of these teams are massively odds on to finish in the top 3 of their league so virtually every 'mug' ew acca/multiple bet will have already copped for the vast majority of customers for the place part of the bet.  The liabilities running onto the win parts of these bets could truely be huge and a lot of firms systems will not be able to compute the liabilities they actually face on these accurately.  I think the two key teams the layers will be wanting to get 'beat' will be QPR and Wolves who were both such solid favs for their division compared to their other rivals and will be the cornerstone of so many multis.  If they can get QPR out of the top 3 a lot of the place multiples will lose.

Its these types of situations which could easily give us the opportunity to find firms 'happy to lay' certain teams 'over the odds' up until the end of the season at bigger prices than they should be.  I think we should be actively looking at these markets over the next 2 months for these types of opportunities.

With that in mind the current EPL outright market and top 2 market looks quite out of line with expectations especially the liverpool and arsenal prices.  In the outright market Liverpool are 8.6-8.8 on bf arsenal are 9.0-9.2 on bf both obviously for decent money.  Both are 8/1 with the fixed odds firms if you shop around.  However in the top 2 market its somewhat different with arsenal a 2/1 shot and liverpool nearly a 4/1 shot on bf.  Surely these two markets are a function of each other and these differences should never be in place to this degree.  To add further data to the case sporting index have arsenals season points 2.5 points higher than liverpool.

Looking at the data above it would appear that either liverpool are a great lay at under 8/1 on bf in the outright market and/or arsenal are a great bet at 8/1 comm free with a selection of firms.  I am not entirely sure which gives us the biggest edge.  Happy to receive feedback from the elders on here but this market has to have value in it somewhere given these distortions.

Goal difference is obviously a factor in liverpool's favour but is never such an issue to have such a difference in the top 2 prices.  We can assume that sporting index's quotes will absorb all remaining fixture/scheduling differences between the two teams.

My recommendation is a £100 win bet on arsenal at 8/1 although i have backed arsenal personally and laid liverpool at 8.6 today i dont really want to open my account on the fred laying an ante post 8/1 shot.

Look forward to everyone's thoughts.








Morning Mr Arrboy.

Fred needed you, where have you been? Oh, wait......

Very much enjoyed that Post, & subsequent stuff, you will be a great asset to us I believe.

So, this Arsenal Bet. I followed the logic just fine, but I just have 2 questions.

1) Is this an outright bet purely on price, or is there a potential trade down the line?

2) We already have £60 @ 15/8 for Arsenal to finish Top Three. Presumably, both bets can work OK independently if they are, or were, value?

I'm quite happy to climb aboard as suggested, but just need to learn how to tell my arse from my elbow first.   

Answers to Questions

1) This is an outright bet purely based on price/logic given the data presented.  I don't have any view that arsenal 'are certs' to win the EPL this year etc etc.  I don't operate like that.  They should be shorter than Liverpool by all known data in the market place and they are not therefore it is a bet.  There is always the potential to trade down the line with any bet but i am firmly in the camel/grumpy camp that this should always be done independently and treated totally as a separate bet and the previous bet ignored.  Although i appreciate that Mrs Bandit/Chompy often back something for way more than it is comfortable bankroll wise and lay it shorter at the same time on the machine if possible to actually get an even better price for their bet for the stakes the bankroll is comfortable with.  I am all for doing that option if and when it is available but that is not available in this case as arsenal are the same price on the exchanges as they are with the fixed odds firms.

2) This is an issue to some degree as you cant keep piling into bets which are related with unlimited funds when you work on a fixed bankroll.  However i don't see this as an issue in this case.  As most people who know me will tell you i am a bankroll nit when it comes to staking etc i always go on the side of caution however a lot of the stuff i do will be at odds on and quite often big odds on which might seem high risk but as long as the margin is there i never worry about whether something is 1/100 or 100/1.

With this in mind i would really like to recommend laying Liverpool at 8.4 to win £25 on bf with a liability of £185 (they have contracted further overnight in the outright market from 8.8 to 8.4 for no known reason) however i appreciate this ties up significant working capital over an extended period including Cheltenham so i will recommend avoiding this unless the bankroll going forward medium term can afford this amount of cash tied up for up to 10 weeks (the market on bf will be settled as soon as its mathematically certain that Liverpool can't win the league)
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« Reply #69226 on: February 27, 2014, 01:30:13 PM »

 Any Fred regs fancy a Cheltenham preview evening tonight at 7pm near Fenchurch Street?, I can bring three punters but I may have one already. It's a 3-course dinner and it won't cost you. Daryl Jacob, Nick Williams and me (!) are on the panel, maybe one other but I forget who.

 They asked me to bring people who like punting. Bit busy this week and I forgot.

 Ridiculously I promised my friend I'd play his charity poker tournament and I have to leave after we do day 1 and the starters are had.

 Can PM me or post here.
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tikay
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« Reply #69227 on: February 27, 2014, 01:34:14 PM »

Firstly would like to thank Tighty for inviting me back to the forum after a near 4 year gap at DTD at the weekend.  After taking plenty from this thread in the past 2 years and not being able to give anything back apart from private skype discussions with redarmi/Mrs Bandit/Tighty

Interesting point for discussion here.

A lot has been spoken recently about the EPL outright market on this fred and it being perfectly formed etc etc 'all the info is out there' etc etc. Whilst i agree with that in most markets there are plenty of other factors which 'alter' these markets this time of the season and historically has always been a profitable way of punting for me over the years exploiting firms ante post positions in 'giving' away profits to green up on their ante post liabilities on teams they haven't laid 'to get a bit in the book' or 'it suits to lay' blah blah blah.

I think this season is even more likely than ever to provide these opportunities for the following reason.  Looking at how the 4 football league tables in england stand at the minute virtually every mug ew acca/yankee/lucky 15 that punters have placed at the start of the season on the ante post fav or 2nd fav is going to win at least the place part of the bet with some truely massive potential liabilities running up on the win parts of these bets.

EPL is obvious front two in the market ante post are sitting 1st and 2nd and Manchester Utd who were co favs of 3 when the betting opened drifted like a barge towards the start of the season as money poured in ew for arsenal and liverpool.

Championship the front two in the ante post market were qpr and leics.  Div 1 Wolves and brentford the same.  Div 2 Chesterfield and Scunthorpe the same.  Luton in the conference.  With the exception of qpr all of these teams are massively odds on to finish in the top 3 of their league so virtually every 'mug' ew acca/multiple bet will have already copped for the vast majority of customers for the place part of the bet.  The liabilities running onto the win parts of these bets could truely be huge and a lot of firms systems will not be able to compute the liabilities they actually face on these accurately.  I think the two key teams the layers will be wanting to get 'beat' will be QPR and Wolves who were both such solid favs for their division compared to their other rivals and will be the cornerstone of so many multis.  If they can get QPR out of the top 3 a lot of the place multiples will lose.

Its these types of situations which could easily give us the opportunity to find firms 'happy to lay' certain teams 'over the odds' up until the end of the season at bigger prices than they should be.  I think we should be actively looking at these markets over the next 2 months for these types of opportunities.

With that in mind the current EPL outright market and top 2 market looks quite out of line with expectations especially the liverpool and arsenal prices.  In the outright market Liverpool are 8.6-8.8 on bf arsenal are 9.0-9.2 on bf both obviously for decent money.  Both are 8/1 with the fixed odds firms if you shop around.  However in the top 2 market its somewhat different with arsenal a 2/1 shot and liverpool nearly a 4/1 shot on bf.  Surely these two markets are a function of each other and these differences should never be in place to this degree.  To add further data to the case sporting index have arsenals season points 2.5 points higher than liverpool.

Looking at the data above it would appear that either liverpool are a great lay at under 8/1 on bf in the outright market and/or arsenal are a great bet at 8/1 comm free with a selection of firms.  I am not entirely sure which gives us the biggest edge.  Happy to receive feedback from the elders on here but this market has to have value in it somewhere given these distortions.

Goal difference is obviously a factor in liverpool's favour but is never such an issue to have such a difference in the top 2 prices.  We can assume that sporting index's quotes will absorb all remaining fixture/scheduling differences between the two teams.

My recommendation is a £100 win bet on arsenal at 8/1 although i have backed arsenal personally and laid liverpool at 8.6 today i dont really want to open my account on the fred laying an ante post 8/1 shot.

Look forward to everyone's thoughts.








Morning Mr Arrboy.

Fred needed you, where have you been? Oh, wait......

Very much enjoyed that Post, & subsequent stuff, you will be a great asset to us I believe.

So, this Arsenal Bet. I followed the logic just fine, but I just have 2 questions.

1) Is this an outright bet purely on price, or is there a potential trade down the line?

2) We already have £60 @ 15/8 for Arsenal to finish Top Three. Presumably, both bets can work OK independently if they are, or were, value?

I'm quite happy to climb aboard as suggested, but just need to learn how to tell my arse from my elbow first.   

Answers to Questions

1) This is an outright bet purely based on price/logic given the data presented.  I don't have any view that arsenal 'are certs' to win the EPL this year etc etc.  I don't operate like that.  They should be shorter than Liverpool by all known data in the market place and they are not therefore it is a bet.  There is always the potential to trade down the line with any bet but i am firmly in the camel/grumpy camp that this should always be done independently and treated totally as a separate bet and the previous bet ignored.  Although i appreciate that Mrs Bandit/Chompy often back something for way more than it is comfortable bankroll wise and lay it shorter at the same time on the machine if possible to actually get an even better price for their bet for the stakes the bankroll is comfortable with.  I am all for doing that option if and when it is available but that is not available in this case as arsenal are the same price on the exchanges as they are with the fixed odds firms.

2) This is an issue to some degree as you cant keep piling into bets which are related with unlimited funds when you work on a fixed bankroll.  However i don't see this as an issue in this case.  As most people who know me will tell you i am a bankroll nit when it comes to staking etc i always go on the side of caution however a lot of the stuff i do will be at odds on and quite often big odds on which might seem high risk but as long as the margin is there i never worry about whether something is 1/100 or 100/1.

With this in mind i would really like to recommend laying Liverpool at 8.4 to win £25 on bf with a liability of £185 (they have contracted further overnight in the outright market from 8.8 to 8.4 for no known reason) however i appreciate this ties up significant working capital over an extended period including Cheltenham so i will recommend avoiding this unless the bankroll going forward medium term can afford this amount of cash tied up for up to 10 weeks (the market on bf will be settled as soon as its mathematically certain that Liverpool can't win the league)


Good work, thank you, & that all makes sense, even to me.

Especially pleased to see you use the name grumpy for one of our Elders.

I don't have a problem tying thast cash up for 10 weeks (probably a little less, in fact......) so I think that may be the way to go.

Liverpool are currently 8.6 to Lay, should I insert 8.4 & wait to see if we get Matched? Pardon my ignorance on Betty, which I find a bit confusing.
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kpnuts
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« Reply #69228 on: February 27, 2014, 01:40:11 PM »

Any Fred regs fancy a Cheltenham preview evening tonight at 7pm near Fenchurch Street?, I can bring three punters but I may have one already. It's a 3-course dinner and it won't cost you. Daryl Jacob, Nick Williams and me (!) are on the panel, maybe one other but I forget who.

 They asked me to bring people who like punting. Bit busy this week and I forgot.

 Ridiculously I promised my friend I'd play his charity poker tournament and I have to leave after we do day 1 and the starters are had.

 Can PM me or post here.

Hope the panel arrive in good form, I took a chunky slice of the 7/2 Veauce de Sivola (Jacob riding for Williams) last night for today's 3.40 @ Taunton!
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arbboy
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« Reply #69229 on: February 27, 2014, 01:44:15 PM »

Firstly would like to thank Tighty for inviting me back to the forum after a near 4 year gap at DTD at the weekend.  After taking plenty from this thread in the past 2 years and not being able to give anything back apart from private skype discussions with redarmi/Mrs Bandit/Tighty

Interesting point for discussion here.

A lot has been spoken recently about the EPL outright market on this fred and it being perfectly formed etc etc 'all the info is out there' etc etc. Whilst i agree with that in most markets there are plenty of other factors which 'alter' these markets this time of the season and historically has always been a profitable way of punting for me over the years exploiting firms ante post positions in 'giving' away profits to green up on their ante post liabilities on teams they haven't laid 'to get a bit in the book' or 'it suits to lay' blah blah blah.

I think this season is even more likely than ever to provide these opportunities for the following reason.  Looking at how the 4 football league tables in england stand at the minute virtually every mug ew acca/yankee/lucky 15 that punters have placed at the start of the season on the ante post fav or 2nd fav is going to win at least the place part of the bet with some truely massive potential liabilities running up on the win parts of these bets.

EPL is obvious front two in the market ante post are sitting 1st and 2nd and Manchester Utd who were co favs of 3 when the betting opened drifted like a barge towards the start of the season as money poured in ew for arsenal and liverpool.

Championship the front two in the ante post market were qpr and leics.  Div 1 Wolves and brentford the same.  Div 2 Chesterfield and Scunthorpe the same.  Luton in the conference.  With the exception of qpr all of these teams are massively odds on to finish in the top 3 of their league so virtually every 'mug' ew acca/multiple bet will have already copped for the vast majority of customers for the place part of the bet.  The liabilities running onto the win parts of these bets could truely be huge and a lot of firms systems will not be able to compute the liabilities they actually face on these accurately.  I think the two key teams the layers will be wanting to get 'beat' will be QPR and Wolves who were both such solid favs for their division compared to their other rivals and will be the cornerstone of so many multis.  If they can get QPR out of the top 3 a lot of the place multiples will lose.

Its these types of situations which could easily give us the opportunity to find firms 'happy to lay' certain teams 'over the odds' up until the end of the season at bigger prices than they should be.  I think we should be actively looking at these markets over the next 2 months for these types of opportunities.

With that in mind the current EPL outright market and top 2 market looks quite out of line with expectations especially the liverpool and arsenal prices.  In the outright market Liverpool are 8.6-8.8 on bf arsenal are 9.0-9.2 on bf both obviously for decent money.  Both are 8/1 with the fixed odds firms if you shop around.  However in the top 2 market its somewhat different with arsenal a 2/1 shot and liverpool nearly a 4/1 shot on bf.  Surely these two markets are a function of each other and these differences should never be in place to this degree.  To add further data to the case sporting index have arsenals season points 2.5 points higher than liverpool.

Looking at the data above it would appear that either liverpool are a great lay at under 8/1 on bf in the outright market and/or arsenal are a great bet at 8/1 comm free with a selection of firms.  I am not entirely sure which gives us the biggest edge.  Happy to receive feedback from the elders on here but this market has to have value in it somewhere given these distortions.

Goal difference is obviously a factor in liverpool's favour but is never such an issue to have such a difference in the top 2 prices.  We can assume that sporting index's quotes will absorb all remaining fixture/scheduling differences between the two teams.

My recommendation is a £100 win bet on arsenal at 8/1 although i have backed arsenal personally and laid liverpool at 8.6 today i dont really want to open my account on the fred laying an ante post 8/1 shot.

Look forward to everyone's thoughts.








Morning Mr Arrboy.

Fred needed you, where have you been? Oh, wait......

Very much enjoyed that Post, & subsequent stuff, you will be a great asset to us I believe.

So, this Arsenal Bet. I followed the logic just fine, but I just have 2 questions.

1) Is this an outright bet purely on price, or is there a potential trade down the line?

2) We already have £60 @ 15/8 for Arsenal to finish Top Three. Presumably, both bets can work OK independently if they are, or were, value?

I'm quite happy to climb aboard as suggested, but just need to learn how to tell my arse from my elbow first.   

Answers to Questions

1) This is an outright bet purely based on price/logic given the data presented.  I don't have any view that arsenal 'are certs' to win the EPL this year etc etc.  I don't operate like that.  They should be shorter than Liverpool by all known data in the market place and they are not therefore it is a bet.  There is always the potential to trade down the line with any bet but i am firmly in the camel/grumpy camp that this should always be done independently and treated totally as a separate bet and the previous bet ignored.  Although i appreciate that Mrs Bandit/Chompy often back something for way more than it is comfortable bankroll wise and lay it shorter at the same time on the machine if possible to actually get an even better price for their bet for the stakes the bankroll is comfortable with.  I am all for doing that option if and when it is available but that is not available in this case as arsenal are the same price on the exchanges as they are with the fixed odds firms.

2) This is an issue to some degree as you cant keep piling into bets which are related with unlimited funds when you work on a fixed bankroll.  However i don't see this as an issue in this case.  As most people who know me will tell you i am a bankroll nit when it comes to staking etc i always go on the side of caution however a lot of the stuff i do will be at odds on and quite often big odds on which might seem high risk but as long as the margin is there i never worry about whether something is 1/100 or 100/1.

With this in mind i would really like to recommend laying Liverpool at 8.4 to win £25 on bf with a liability of £185 (they have contracted further overnight in the outright market from 8.8 to 8.4 for no known reason) however i appreciate this ties up significant working capital over an extended period including Cheltenham so i will recommend avoiding this unless the bankroll going forward medium term can afford this amount of cash tied up for up to 10 weeks (the market on bf will be settled as soon as its mathematically certain that Liverpool can't win the league)


Good work, thank you, & that all makes sense, even to me.

Especially pleased to see you use the name grumpy for one of our Elders.

I don't have a problem tying thast cash up for 10 weeks (probably a little less, in fact......) so I think that may be the way to go.

Liverpool are currently 8.6 to Lay, should I insert 8.4 & wait to see if we get Matched? Pardon my ignorance on Betty, which I find a bit confusing.

Yes i would insert 8.4 for £25 and it would get matched within 24 hours given there is only £400 waiting at 8.4.  There is no rush to get matched as there are no games until Saturday.  Take the 8/1 win on arsenal with victor and/or paddy to avoid paying commission on the bet.
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« Reply #69230 on: February 27, 2014, 02:03:20 PM »

quevega 6/4 with lads for 10 min
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« Reply #69231 on: February 27, 2014, 02:10:05 PM »

Quevaga 6/4 Mares Hurdle

Ladbrokes for next 5 mins
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« Reply #69232 on: February 27, 2014, 02:29:12 PM »

Tikay if you haven't got the Luke Wright bet on don't bother now. Best price is 6/1 now.
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« Reply #69233 on: February 27, 2014, 03:37:45 PM »

and in order to pay for the offer they have now made half the field in the race bottom price on oddschecker.

http://www.oddschecker.com/cheltenham-festival/supreme-novices-hurdle/

Suppose there has to be a bit of give and take for them to do the offer, here's the t and c's

Cheltenham Money-Back Special
We will refund stakes on the 2nd, 3rd & 4th placed horses in the Supreme Novices Hurdle!
   Applies to 13:30 at Cheltenham on March 11th.
   Applies to 'Win or Each Way' market only. Applies to Win part of Each Way bets only
   Applies to singles only.
   Maximum refund £/€50 per customer.
   Does not include tote bets or in-running bets.
   Applies to bets placed from 8pm on February 26th.
   Paddy Power horse racing rules apply.
   Paddy Power reserves the right in its discretion to exclude and/or limit the availability of the offer to certain customers.

They are also NRNB, although they have gone 9/4 surely Irving is the bet for those that can? Thoughts?



Yes, even at 9/4 Irving is by far the best bet for this offer.

I wish to retract that. This is a little more complex than the standard refund if offers. I'll take a look at it later.

It is a no brainer, it is better than the standard free bet on 2nd.  I have pretty much said as much already.

You get slightly lower odds but money back on 2nd, 3rd and 4th.  The maths is just going to be so compelling I really don't need to do it.  Obviously don't go over the £50 limit.

The only problem Tikay is going to have is if he is so restricted and/or doesn't get the offer.  They restricted me a bit, so guess they'll give Tikay £15 or so.  Paddy Power seem to really hammer me on some of their offers, but weren't so bad here.

  

Yes the offer is obviously great. But is there more EV in Irving 3.25/3.8 or Wicklow Brave 7/8 ?
Your thought would be appreciated please Doobs

Yes I think so, I think Irving is more likely to finish 2nd to 4th than Wicklow Brave.  Probably 5/4 vs 7/4 at a guess.   I don't think there is that much in it in this case, as you lose more on the win side with Irving, but gain more on the place side.   I think the place bit is more than likely big enough to outweigh the win side.  Even without this, I'd always go the lower variance route if there wasn't much between them, which would be Irving.  

I wouldn't worry about getting exactly the right bet, as either is going to be very good value.  You could probably do £25 on each if you wanted very low variance and weren't restricted.



Thank you Doobs

My thought were that for the refund if 2nd offers we pick low odds close to Betfair.

For the refund on lose offers we chose high odds close to Betfair.

This offer appears to sit midway between the two
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« Reply #69234 on: February 27, 2014, 04:12:44 PM »

Any Fred regs fancy a Cheltenham preview evening tonight at 7pm near Fenchurch Street?, I can bring three punters but I may have one already. It's a 3-course dinner and it won't cost you. Daryl Jacob, Nick Williams and me (!) are on the panel, maybe one other but I forget who.

 They asked me to bring people who like punting. Bit busy this week and I forgot.

 Ridiculously I promised my friend I'd play his charity poker tournament and I have to leave after we do day 1 and the starters are had.

 Can PM me or post here.

Hope the panel arrive in good form, I took a chunky slice of the 7/2 Veauce de Sivola (Jacob riding for Williams) last night for today's 3.40 @ Taunton!

Nice one.
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« Reply #69235 on: February 27, 2014, 04:26:35 PM »

Darts bet for tonight

Prem league games which are close to a flip are pretty much always value on the draw.  True maths price based on a binomial distribution calculation makes the draw around a 7/2 shot to 100%.  Closest game tonight is Newton Anderson which is virtually a flip on paper.  I will be looking to get north of 9/2 on bf pre match once the market tightens.  There is obviously not much liquidity in the market currently and all firms are 4/1 which is still value but 9/2 or more should be available on the machine closer to kick off.

£50 recommended at 9/2 or bigger if available later on bf or with fixed odds firms.  If not then £30 at 4/1 is acceptable for a smaller investment given the edge is smaller and/or you are not available to place the bet later with TV commitments etc.
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« Reply #69236 on: February 27, 2014, 04:35:25 PM »

Darts bet for tonight

Prem league games which are close to a flip are pretty much always value on the draw.  True maths price based on a binomial distribution calculation makes the draw around a 7/2 shot to 100%.  Closest game tonight is Newton Anderson which is virtually a flip on paper.  I will be looking to get north of 9/2 on bf pre match once the market tightens.  There is obviously not much liquidity in the market currently and all firms are 4/1 which is still value but 9/2 or more should be available on the machine closer to kick off.

£50 recommended at 9/2 or bigger if available later on bf or with fixed odds firms.  If not then £30 at 4/1 is acceptable for a smaller investment given the edge is smaller and/or you are not available to place the bet later with TV commitments etc.

Great to have another person for Team Maths posting in the thread. I wasn't about when you used to post (and won't asked why you stopped') but welcome back anyway. I love the sentence which contains "true maths price based on a binomial distribution calculation" rather than asking you to explain I'm going to google it, that will be what new thing I've learnt for the day.

Look forward to some more mathematical insights.
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« Reply #69237 on: February 27, 2014, 04:58:24 PM »

Its nowhere near as complicated as it sounds.  For the draw to happen each player has to win 6 legs.  Therefore if you think about it as spinning a coin you need exactly 6 heads and exactly 6 tails. 

The assumptions are as follows: Firstly that each individual leg is totally independent from each other ( it can be argued in a game like darts about confidence/mind games/momentum that this is not the case but i generally think each leg is independent).  Secondly although each leg isn't a coin flip in the sense that the player throwing first is around a 65/35 fav to win the leg this is countered by the fact that he is obv a 35/65 dog in the other 6 legs where he throws 2nd therefore over the whole 12 legs this effectively balances out to each leg being a 50/50 flip even though each leg never is if you follow.  This assumes that one players scoring style isn't more conducive to winning legs throwing first than 2nd.  Given both players are a flip to win the game then its fair to assume that this wouldn't be the case in the vast majority of cases.

Therefore the calculation of exactly 6 flips being heads out of 12 is the likelihood of the match effectively being a draw which comes out at 0.2255859 = 22.56% or 100/22.56= 4.43 as a decimal or 3.43/1 as a fractional price.

This bet was always value in the old format of best of 14 legs where the draw was obviously 7-7 where if you do the same calc but exactly 7 out of 14 the correct price came to 3.77/1 as a fractional price.  With hearn adopting the shorter best of 12 leg matches now it is even more value although the firms can continued to offer 4/1 or bigger generally about the outcome presumably because hardly any casual punter bets the draw and they are happy to put additional margin into the 2 outcomes which they do lay much more of (ie player A and B) to increase their long term theoretical margin for the product.  As a result we can benefit from swimming against the tide so to speak on a regular basis.
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Tal
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« Reply #69238 on: February 27, 2014, 05:00:27 PM »

Curveless stats posts should be banned IMO.



Sort it out, lads!
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« Reply #69239 on: February 27, 2014, 05:06:20 PM »

Curveless stats posts should be banned IMO.



Sort it out, lads!

impressive use of graphics!
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