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#16 (permalink) | |
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Eyes not spreadsheets
Join Date: Nov 2001
Location: England
Posts: 56,346
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Quote:
A true gambler would take a horse to win at 6-1 on (a return of 16p for a £1 bet) if they perceive the horse is likely to win 99 times out of 100. At the moment, I see India quoted at about 4 to 1 - meaning if the Tournament were played 10 times, the bookies think India will win it 2 times. In my view if it were played 10 times, they may win it once, meaning my odds would be 9-1. Now Australia are about 2-1 meaning they'd win 66 out of every 100. My view would be it's more like 75 or 80 times out of 100, so the 2-1 is generous, so I'd be more likely to take it. That is why I say gamblers would not touch India - the volume of "mug" punters betting on them drives the price down so that it is not indicative of their chances. Does that explain my reasoning?
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marc71178 - President and founding member of AAAS - we don't only appreciate when he does well, but also when he's not quite so good! Anyone want to join the Society? Beware the evils of Kit-Kats - they're immoral apparently. |
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#17 (permalink) | |
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Eyes not spreadsheets
Join Date: Nov 2001
Location: England
Posts: 56,346
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#18 (permalink) | |
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Eyes not spreadsheets
Join Date: Nov 2001
Location: England
Posts: 56,346
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Quote:
As you've stated India haven't played the big nations recently, so their high percentage is a bit false surely, and I can't see there's a guarantee that they'll make it to the semi finals! |
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#19 (permalink) | ||
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State Vice-Captain
Join Date: Jul 2002
Location: North Carolina, USA
Posts: 1,068
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Flames are welcome, but beware of the *Backdraft * |
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#20 (permalink) |
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Banned
Join Date: Jul 2002
Posts: 35
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[quote
As you've stated India haven't played the big nations recently, so their high percentage is a bit false surely, and I can't see there's a guarantee that they'll make it to the semi finals! [/quote] To be honest, there aren't any guarantees in Onedayer cricket.I would say that India have a very good chance of making it to the semis BUT won't say it's a 100 percent chance, same goes for teams like SA,Pak & SL |
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#21 (permalink) |
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Eyes not spreadsheets
Join Date: Nov 2001
Location: England
Posts: 56,346
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"Mug" punters jump in on a roll such as the Indian's are on at the moment, forcing the odds down.
There will not be many seasoned and successful gamblers putting cash on India to win the World Cupas the odds do not reflect their true chances. Now if they were to be 10 or 12 to 1, I would be tempted as that is about their chances IMO, and therefore it is a value bet. |
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#22 (permalink) | |
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Eyes not spreadsheets
Join Date: Nov 2001
Location: England
Posts: 56,346
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Quote:
To be honest, there aren't any guarantees in Onedayer cricket.I would say that India have a very good chance of making it to the semis BUT won't say it's a 100 percent chance, same goes for teams like SA,Pak & SL [/quote] For reasons I've already gone into - it wouldn't surprise me if they went out at the Group stage, but then again it wouldn't surprise me if they went to the semis. If I had to bet on one or the other, depending on the odds on offer, I'd take odds of 2-1 them not going through, and probably 6-4 them reaching the semis. |
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#23 (permalink) | ||
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U19 Vice-Captain
Join Date: Jul 2002
Posts: 538
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Quote:
Since Gough didn't play, there's no saying that his playing would have made the match very much closer. He's played India 6 times in 2001/2 and taken one wicket in each of five matches and two in one match. I don't see Ganguly or Sehwag worrying about him like they would have about Pollock, Donald or Kallis today. So if you can say he would have run the match a lot closer by himself, I can just as easily say that Laxman would have scored a 150. I just stopped with a Sachin ton ![]() No, because the Australian odds being short more truly indicate their chances of winning than the Indian odds do. Quote:
And they are getting better too. You'd want to take odds of 4-1 on India the way they are going. And nobody cares about things like "India will win the tournament 2 times if it's played 10 times". That's just mathematics. Things are much more complex than that.aussie_beater was also on the mark ![]() When I said "judgement" I was talking of our judgement of whether India will win after the semifinals. Luck ?! duh! The percentage is not "false". It just means that things are unpredictable vis a vis the other three teams. It is very much "true" that India has a good win percentage. It is simply "unknown" what India can do against Aus, SA and Pak from statistics. Here's where "judgement" comes in.
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#25 (permalink) | |
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Eyes not spreadsheets
Join Date: Nov 2001
Location: England
Posts: 56,346
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Quote:
For me 4-1 India is not value. [/quote] |
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#26 (permalink) |
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International Captain
Join Date: Jun 2002
Location: Australia
Posts: 6,065
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Im not sure why, but I think everyone should give credit where credits due, I think the sudden "INDIAN WINNING" has taken every one by surprise especially English supporters.
![]() Anyway well done India, Im proud of my country and proud of my team. Well played
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Self Elected Vice-President of AAAS (Ajit Agarkar Appreciation Society) "Uniting Ajit Agarkar Fans World Wide" Always Live Life With: Intensity, Integrity and Intelligence |
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#28 (permalink) | |||
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U19 Vice-Captain
Join Date: Jul 2002
Posts: 538
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Dear IF ONLY Marc.
Quote:
marc, it's also amazing how seeing one part of the story, dogmatically (aah! now I know what a rainy day fan is like ) can twist a single statement to mean ten different things. Did I hear earlier from someone (else) that the native speakers of English do a better job of comprehension (uh.. you chaps got it wrong there too..)?Well, for your benefit (GET THOSE GLASSES..) here's the rest of the post: ******************************** Neither did you know before the match that Blackwell would do well. Since Gough didn't play, there's no saying that his playing would have made the match very much closer. He's played India 6 times in 2001/2 and taken one wicket in each of five matches and two in one match. I don't see Ganguly or Sehwag worrying about him like they would have about Pollock, Donald or Kallis today. So if you can say he would have run the match a lot closer by himself, I can just as easily say that Laxman would have scored a 150. I just stopped with a Sachin ton ![]() ********************************* Tell me if you still don't understand what's meant here. i have some time tonight. I can take you through it word by word. (hint hint: the idea is that if you can say that IF Gough played all the remaining Indians would have trembled and crumbled in terror, I can say that no, IF Gough had played and IF he had got the 2-19 (that Neil proposed. Ah what foresight.. no wait.. hindsight.. no what IS it? Just yet another hypothetical statement from a rainy day English fan who will come out even when England loses to say that no IF ONLY...) Sachin and Laxman would have got a ton. ) |
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