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Bookmakers - Complaint

April 9 2003 at 1:16 PM

  (Login Mark_Hodson)
Moderators

 
Has anyone noticed that some bookmakers have cut the standard odds for head to heads from

1.91, 1.91, 17.00 = 10.58% Overround

To these sort of odds (a minor change) but sheer profiteering in my opinion

1.83, 1.91, 17.00 = 12.87% Overround

This is absolutely scandalous, over 4% of profit per outcome. I suggest if you use a bookmaker offering these sort of odds that you withdraw your funds and bet elsewhere.

It's changes like these that are making the game harder and harder to earn money from.

 
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The Gooner
(Login TheGooner)
Fixed Odds Member

What sport are you talking about ?

April 9 2003, 9:08 PM 

It's obviously not footie odds with one result offered at 17.00 but I can't work out which sport it is ... and it's bugging me !!


The Gooner
GOONERSGUIDE.COM
Your FREE Guide to Global Football Betting

 
 

blackvvcc
(Login blackvvcc)
Fixed Odds Member

Golf, I suppose

April 9 2003, 9:51 PM 

On US 2003, golf odds (H2H) are:

Betinternet 1.90/1.90/17
Gamebookers 1.90/1.90/15
Canbet 1.90/1.90/void
Intertops 1.87/1.87/void
Bodog 1.85/1.91/void
Betandwin 1.90/1.90/15
Sportingbetusa 1.85/1.91/void
Fonbet ??? (out of order)

 
 

Mark Hodson
(Login Mark_Hodson)
Moderators

The example above Gooner ....

April 10 2003, 8:42 AM 

was for the US Masters and the odds were quoted by Bet365. In my book they have gone from being one of the best and most innovative books around, to one with ever increasing percentages to increase profit margins. I suppose they have now attracted the clientele, and so have now no need to be as competitive with their odds.

But these sort of odds can be applied to any bookmaker or any sport. Even for football if you work out the percentages for each set of odds, add them together, if a bookmaker is taking over 4% per potential outcome then you will find it very hard to beat them long term.

You need several accounts so that by picking the best odds with each bookmaker the overround can be reduced to 5% or less.

If we sit back and say nothing, and don't vote with our money then the next step in golf betting will be 1.83 , 1.83, 17.00 across the board ..... now that would be a sad day if we let that happen

 
 
zodiac
(Login zodiac1)
Fixed Odds Member

Mark

April 10 2003, 8:53 AM 

you are funny complaining about cut down from 1.91/1.91 to 1.83/1.91.

You have to notice that there are the majority of bookmakers with a much much higher profit.

Some examples (concerning tennis - the classic 2way sports):

  • Schwechat,Admiral,Betandwin,Interwetten: 1.75/1.75
  • most others: 1.8/1.8
  • Hill,Sportingbet,Bet365  1.83/1.83

much worse, eh ? 


 
 

Mark Hodson
(Login Mark_Hodson)
Moderators

On the odds that I quoted ....

April 10 2003, 10:04 AM 

included the draw, so that accounts for about 7%, but in truth how many people will actually back the draw in 72 hole match ups - a grand total of none is my guess.

With these trimming of margins in Tennis, Golf, Motor Sport, everyone should move their business onto the exchanges whereby the markets would grow stronger volume wise and even without that strength are normally floating around the 0% overround mark, thus leaving the winner only liable for the commission which is up to a maximum of 5%.

 
 
zodiac
(Login zodiac1)
Fixed Odds Member

right

April 10 2003, 11:42 AM 

exchanges are good for this but they are not good for favorits backing in tennis because you shouldnt bet a single at odds lower than 1.5 - only double and that does not function with those betfair & co.

 
 
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