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Re: One man's value is another man's bad bet
I understand what you're saying about everyone having access to the same information Tony but it's still obvious that the odds compilers can differ greatly when putting out their initial odds.
What happens then is the the weight of the market then knocks off the rough edges and brings them pretty much into line.
Example, team A ranges from 4/5 to 10/11 with most bookmakers but some are offering 11/10 initially and one bookie is offering 6/5. What happens? Anyone who wants to back team A and has access to the bookie offering 6/5 takes it and the bookie has to revise his price to come in line with the rest.
By the time of kick off everyone is pretty much in line. The hIgher up the standard, the more money bet and the more noticable the effect which means that value can still be found lower down the English Leagues but the main point is that finding value is all about getting on as early as you can in my view.
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