raymondu999 wrote:Well Germany beat Spain in F1 in 2010...
Aquarium spokeswoman Ariane Vieregge in Oberhausen said Tuesday that Paul seemed fine when checked on late Monday night but was found dead in his tank Tuesday morning.
WhiteBlue wrote:bhallg2k wrote:And I think you neglect the fact that bookmaking is not a charitable endeavor, and, as such, the primary role of betting odds is to ensure the bookmaker a profit regardless of the outcome. That leaves betting odds with no real-world predictive value whatsoever - which is what I was trying to say when I misspoke by mentioning cause/effect relationships. In fact, bookmakers rely on most people getting it all wrong.
That's why statements like the ones I've highlighted below strike me as nonsensical voodoo.WhiteBlue wrote:In the odds data table everything looks like the two championships will be contested between Red Bull and McLaren. The match odds are very clear.WhiteBlue wrote:The WDC looks like a four horse race realistically if you go by the odds.WhiteBlue wrote:Hamilton takes a big jump upwards in the WDC table and we can perhaps close the group of pretenders behind Massa. Let's have a look at the odds first before coming to conclusions.
(I guess I'm still feeling argumentative today. Maybe I'm manstruating.)
You are of course entitled to any opinion, but please take into account that BetFair odds were selected for this project because they are not made by a bookie to maximise the profit. The odds are the result of the the amount of money spent by the betters and are automatically generated by an algorithm. Betfair takes a small percentage from every winning bet to cover cost and profit. That way the odds are purely generated by market conditions where people vote with their pocket book.
I have only observed the 2010 and now the 2011 season, so I have no data how the Schumacher domination looked in the view of the punters.
andrew wrote:Would you not be better looking at 5 or 6 bookies and then going on average odds?
Tumbarello wrote:But how are the opening odds generated?
raymondu999 wrote:What I find amazing is that 2nd - 4th in the standings (points) reversed order (in terms of standings, not points). If they keep on squabbling, nobody will be there in the end to take Vettel to the finish of the year. Awesome
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