Bristol Rob Posted June 1, 2023 Report Share Posted June 1, 2023 1 hour ago, Davefevs said: They don’t need to be realistic, their aim is to make money. They do that in their “margins”. I know you know that, but here’s a good link for others: https://www.newbettingoffers.co.uk/how-to-calculate-football-betting-margins Even in things like Roulette, paying out 32x still has a margin because of zero, meaning there are 33 numbers not just 1-32, which means they make a 3.125% margin on every spin on average. I believe some wheels in some casinos also have a double zero (00), meaning they pay out 32x on 34 numbers! 36 numbers plus zero, and in some places 37 as they have zero and double zero. 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted June 1, 2023 Report Share Posted June 1, 2023 8 minutes ago, Bristol Rob said: 36 numbers plus zero, and in some places 37 as they have zero and double zero. Aarghhhh…36….yes, not 32….doh. Ta Quote Link to comment Share on other sites More sharing options...
TheReds Posted June 1, 2023 Report Share Posted June 1, 2023 1 hour ago, Davefevs said: They don’t need to be realistic, their aim is to make money. They do that in their “margins”. I know you know that, but here’s a good link for others: https://www.newbettingoffers.co.uk/how-to-calculate-football-betting-margins Even in things like Roulette, paying out 32x still has a margin because of zero, meaning there are 33 numbers not just 1-32, which means they make a 3.125% margin on every spin on average. I believe some wheels in some casinos also have a double zero (00), meaning they pay out 32x on 34 numbers! The difference with a roulette wheel is the margin is fixed so they will never lose longterm. With the bookies they could have a larger margin in their book than a casino, but can still get it wrong. So it comes down to the punter to spot/know where the value/wrong prices are, hence why bookies ban completely or restrict many punters literally to betting maximum stakes of pennies with them (Horse racing especially). 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted June 1, 2023 Report Share Posted June 1, 2023 Just now, TheReds said: The difference with a roulette wheel is the margin is fixed so they will never lose longterm. With the bookies they could have a larger margin in their book than a casino, but can still get it wrong. So it comes down to the punter to spot/know where the value/wrong prices are, hence why bookies ban completely or restrict many punters literally to betting maximum stakes of pennies with them (Horse racing especially). Yes, was a simple analogy. 1 Quote Link to comment Share on other sites More sharing options...
Jimbo123 Posted June 1, 2023 Report Share Posted June 1, 2023 (edited) 1 hour ago, Davefevs said: They don’t need to be realistic, their aim is to make money. They do that in their “margins”. I know you know that, but here’s a good link for others: https://www.newbettingoffers.co.uk/how-to-calculate-football-betting-margins Even in things like Roulette, paying out 32x still has a margin because of zero, meaning there are 33 numbers not just 1-32, which means they make a 3.125% margin on every spin on average. I believe some wheels in some casinos also have a double zero (00), meaning they pay out 32x on 34 numbers! 36 numbers usually on roulette. Edit - went to next page and saw it's already been mentioned. Edited June 1, 2023 by Jimbo123 Quote Link to comment Share on other sites More sharing options...
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