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Old 27-05-2006, 11:29
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One man's value is another man's bad bet

I am as keen to find the value bet as the next man is but just what is value?
Obviously, if I were to offer you 11/10 on calling heads or tails you'd bet non stop with me flip after flip of the coin KNOWING you'd end up in front but is it remotely possible to find value in my specialised field (football) any longer?
Technology means that everyone has access to the same team news and info (including odds compilers) so the chance of getting an edge with a bookmaker is basically zilch with a capital 'Z'.
How about the Exchanges?.....sorry, the amount of people betting and forming markets there means that the market price is just about spot on as far as I'm concerned.........on that note, you have to laugh at one particular character on the Betfair forum who regularly pops up saying things like 'Team A should be 1.82 by my calculations therefore don't back them at 1.80' (a la Kevin Pullein)........even more amazing, the sheep there actually listen to that nonsense!
Anyway....a subject that could prove a decent discussion I feel.
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Old 27-05-2006, 11:37
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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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Old 27-05-2006, 11:38
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Re: One man's value is another man's bad bet

I guess you are correct in that value is normally difficult to come across as the bookies are fully clued up.. Normally local knowledge and reacting quick to this knowledge can gain you an edge when it comes to snapping up that elusive value. Obscure leagues normally can catch bookies out, but again they can react quickly to a market move... Having as many bookie accounts as possible helps, and utilising an odds comparison site also gives you a quick indicator as to a bookie incorrectly pricing up a match.

'Tis difficult though..
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Old 27-05-2006, 11:43
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Re: One man's value is another man's bad bet

Quote:
Using an odds comparison site.
Exactly Trickrick
If you want a live "mini example" I'm after backing Mexico to win Group D of the world cup. I've just looked at Oddschecker and the price ranges from 5/4 to 8/5 at the moment. I'm guessing you won't be able to get 6/4 by the time of kick off (notwithstanding anything dramatic happening in the friendlies between now and then to alter the price).
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Old 27-05-2006, 11:44
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Re: One man's value is another man's bad bet

By the way Tony, you might like to take some time to look at some of the view in our non league threads from the season that's just finished. You'll see that the guys in there were pretty good at sniffing out the value on a lot of the games.
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Old 27-05-2006, 12:06
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Re: One man's value is another man's bad bet

Interesting .............

England B v Belarus. England 1/4 was this value ? Obviously NO cause they got beat !

If they had won would it have been value ? - IMO YES.

I thought they where stick ons and it was BUYING money. OK it was a friendly so I only had small stakes at England -1.

Anyway England 4/7 v Paraguay - is this value ? I don't see anything other than an England win here. So if some companies are going 1/2, 4/7 or even 4/6 then surely the 4/6 is value ?
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Old 27-05-2006, 12:30
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Re: One man's value is another man's bad bet

Quote:
Originally Posted by ONEDUNME
By the way Tony, you might like to take some time to look at some of the view in our non league threads from the season that's just finished. You'll see that the guys in there were pretty good at sniffing out the value on a lot of the games.
I can't dispute there's sometimes a bit of value available at the lower levels due to someone sharing local knowledge that isn't widely known.
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Old 27-05-2006, 12:34
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Re: One man's value is another man's bad bet

"Anyway England 4/7 v Paraguay - is this value ? I don't see anything other than an England win here. So if some companies are going 1/2, 4/7 or even 4/6 then surely the 4/6 is value ?"

-----------------------------------------------------------------------
There is a classic example of the thread title!
Were someone a huge fancier of Paraguay for this game then they'd be lining up to lay 1/2!.....they'd conceive 2/1 for Paraguay to avoid defeat as huge value.
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Old 27-05-2006, 12:52
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Re: One man's value is another man's bad bet

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Originally Posted by Bigkegman
Interesting .............

England B v Belarus. England 1/4 was this value ? Obviously NO cause they got beat !

If they had won would it have been value ? - IMO YES.
Sorry Bob but just because a team lost/didn't win the game doesn't mean their price wasn't value. Ignoring the fact it was a pretty meaningless friendly, if England have been say 5/6 for this game and the result had been the same would they still not have been value?

Anyway, just a couple of overall points on this subject as it could run and run and as TQ says, one mans value is anothers bad bet (or lay).

First off, as ODM says, one of the best things, in fact probably the best, I have seen on TDP over the course of the season was the weekly non league thread. The lads who put the analysis in there really do a great job, week in week out. And more importantly, on many occasions and even in this internet age when everyone (punter and bookie) is supposed to have access to the same information, these punters, AMP especially, dig deeper than I would suggest ANY bookies odds compilier does.

While there is a general consensus on prices nowadays and no bookie really likes to standout with a price and if they do, it won't last for long, the discrepancies in prices between no more than 6-8 bookies who price UK non league football was at times amazing. Some bookies especially, and I am thinking Corals here, who seemed to stick up prices late in the day and priced on what appeared to be no more than league position, were so out of line in relation to the information about that I actually felt sorry for them, well almost! I can't remember the exact team but they made a few glaring bloopers round about the turn of the year did they not?

So there is certainly plenty of value in these areas, where one person or a group of people can specialise and where the bookies obviously take no more than a cursory glance at how to price a game, or certainly don't devote anywhere like the attention they will to the EPL markets.


Secondly, even with a general consensus of opinion across the board, we now have access to so many online bookies that someone will always take a chance on a game. One other example I can think of, and it was EPL this time, was Bolton v Liverpool, round about Xmas/New Year time again. Laddies went something like 3.20 Bolton who had that great home record at the time. Expekt went 4.15 Bolton and then rather amazingly pushed them out to 4.50 for a period before going back to the 4.15 quote. That too me was a glaring error and even though Bolton didn't win, was still a value price for them at home given the form at that time. Of course with Betfair betting in-play on the game and Bolton having the lead twice, you could still benefit from being on at the pre match price without it actually winning.
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Old 27-05-2006, 13:04
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Re: One man's value is another man's bad bet

Quote:
Originally Posted by crowie
Sorry Bob but just because a team lost/didn't win the game doesn't mean their price wasn't value. Ignoring the fact it was a pretty meaningless friendly, if England have been say 5/6 for this game and the result had been the same would they still not have been value?.
We are agreeing here - honest.

I maybe didn't get my message accross because it was past tense but 1/4 on England the other night in some peoplels eyes was value
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Old 09-10-2007, 14:32
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Re: One man's value is another man's bad bet

interesting stuff
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Old 09-10-2007, 18:35
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Re: One man's value is another man's bad bet

I only bet on lower leagues unless i am trading a bit on Betfair on a in running match. I think if you have a great knowledge of the stuff you bet in Tennis Footy etc, I always price my own matches and take it from there if i see a big difference ,or some value may bet on that team there and then . I think your the one who decides if its value, it should tell in the bets over a period of time if your judging right
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Old 09-10-2007, 18:39
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Re: One man's value is another man's bad bet

[quote=Danq;454715, it should tell in the bets over a period of time if your judging right[/quote]


Damn right
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Old 13-10-2007, 17:35
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Re: One man's value is another man's bad bet

Whatever happened to Tony Quinlan by the way? I know is was a egotistical maverick dickhead, but he seemed to just vanish?
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Old 13-10-2007, 18:02
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Re: One man's value is another man's bad bet

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Originally Posted by trickrick View Post
Whatever happened to Tony Quinlan by the way? I know is was a egotistical maverick dickhead, but he seemed to just vanish?
I seem to remember he left in a strop after falling out with someone on here, Trick. Can't remember who it was though.
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