Other markets : beating the bookies using data science

Any markets not covered in the other boards
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EyePeaSea
Posts: 258
Joined: Sun Jun 12, 2011 11:18 am

Mon Oct 30, 2017 9:56 pm

aperson wrote:
Wed Oct 25, 2017 5:30 pm
article on this in this weeks new scientist.
https://www.newscientist.com/article/21 ... inst-them/


I haven't read the NS for years, but I remember the quality of the writing was better.
For example:
NewScientist wrote:Mean odds of 2 to 1 suggest the bookies collectively think this reflects fair odds for that outcome.
IMO - that quote from the article is tosh. Odds of 2 to 1 mean that the bookies want to discourage bets to balance their book, as much as (or more than) the fact that they think the horse actually has a 2 to 1 chance of winning.

No?

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