SkyBet odds for next season.

[Royal Rother]

Where did you come up with that nonsense from?

Are you actually saying you think bookies odds are a list of what they think is most likely to happen in order?

They typically are. There are adjustments made where they think there'll be comparably heavy betting on some competitors (hence the low odds for England in international tournaments), but otherwise, yes, there'll be an incredibly high correlation between odds and their perceived likelihood of a certain team achieving their objective.

Those actual odds are obviously massaged to offer exceptional value for long shot bets, to encourage people to (most probably) waste money on them, and shortened for likely outcomes to make people think those outcomes are not worth betting on, but that's a different matter entirely.

The odds for next year's championship will bear little resemblance to the figures shown above. They are just all very short as they don't really want to take bets yet.

They ALWAYS want to take bets. But if the info available to them is a bit sketchy they will squeeze the odds to "compensate".

And it's the weight of money / liabilities that will have the most impact on a mature book.

[JIM]

Remember they got stung on 5000 to 1 for LEICESTER,

[tmesis]

And it's the weight of money / liabilities that will have the most impact on a mature book.

That only really has an impact when betting would be disproportionate on certain teams compared to what they feel their actual true odds are.

Typically the odds will be very strongly in line with what they expect will be most likely to happen.

I mean, look at the pres-season odds for the championship...
http://www.theweek.co.uk/64674/the-inte ... ip-2015-16

You can certainly pick out where the bookies (and most other people) got it wrong, but how many out of those would you say didn't represent what they felt would be the relative finishing positions of the teams quoted?

[tmesis]

Remember they got stung on 5000 to 1 for LEICESTER,

I would guess they made far more from people betting money on Man Utd, Man City, Chelsea or Arsenal winning the title, than they lost on paying out on bets for Leicester.

[SpaghettiHoop]

I'm waiting for the 5,000 to 1

[tidus_mi2]

Remember they got stung on 5000 to 1 for LEICESTER,

I would guess they made far more from people betting money on Man Utd, Man City, Chelsea or Arsenal winning the title, than they lost on paying out on bets for Leicester.

I also suspect they won't offer odds of 5000-1 any more.

[Vision]

There's a rumour without any foundation, so far, that the Thais want to sell up.

Floyd also claims that IWS is resigning shortly and Madejski is being made an honourary figurehead rather than having any involvement.

Madejski's pretty much been that since the Thai deal was made hasn't he?.

What may be significant moving forward is how long the Thais continue with Nigel Howe. Possibly for as long as it takes Tevreden to find his feet.

[Rollerbob]

Leicester have done all betting companies a MASSIVE favour. They didn't pay out THAT much, because hardally anybody had money on Leicester to win the title.

They'll make a oxf*rd fortune next season, when thousands and thousands of people put money on the small teams to win the league.

[Top Flight]

Leicester have done all betting companies a MASSIVE favour. They didn't pay out THAT much, because hardally anybody had money on Leicester to win the title.

They'll make a oxf*rd fortune next season, when thousands and thousands of people put money on the small teams to win the league.

I saw 80-1 being offered on Leicester to win the league next season. That looks a good bet to be fair. Leicester look like they can keep going.

[Ian Royal]

There's a rumour without any foundation, so far, that the Thais want to sell up.

Floyd also claims that IWS is resigning shortly and Madejski is being made an honourary figurehead rather than having any involvement.

Madejski's pretty much been that since the Thai deal was made hasn't he?.

What may be significant moving forward is how long the Thais continue with Nigel Howe. Possibly for as long as it takes Tevreden to find his feet.

He's still officially Chairman, I think. He seemed to have quite a lot of influence in getting Brian back.

Agree that Howe's the big test.

[Vision]

There's a rumour without any foundation, so far, that the Thais want to sell up.

Floyd also claims that IWS is resigning shortly and Madejski is being made an honourary figurehead rather than having any involvement.

Madejski's pretty much been that since the Thai deal was made hasn't he?.

What may be significant moving forward is how long the Thais continue with Nigel Howe. Possibly for as long as it takes Tevreden to find his feet.

He's still officially Chairman, I think. He seemed to have quite a lot of influence in getting Brian back.

Agree that Howe's the big test.

Co-Chairman but really just a figurehead if we're honest.

Think McD coming back was as much to do with Howe (as was Clarke getting the boot).

[RoyalX]

And it's the weight of money / liabilities that will have the most impact on a mature book.

That only really has an impact when betting would be disproportionate on certain teams compared to what they feel their actual true odds are.

Typically the odds will be very strongly in line with what they expect will be most likely to happen.

I mean, look at the pres-season odds for the championship...
http://www.theweek.co.uk/64674/the-inte ... ip-2015-16

You can certainly pick out where the bookies (and most other people) got it wrong, but how many out of those would you say didn't represent what they felt would be the relative finishing positions of the teams quoted?

This. "Balancing the books" is old school bookmaking, most are happy to have a liability now.

[Royal Rother]

Got me sussed there my friend!

I'm probably more in tune with the traditional racecourse bookies - but yes, the industry has changed massively since I was involved.

[Longhorn1970]

There's a rumour without any foundation, so far, that the Thais want to sell up.

Floyd also claims that IWS is resigning shortly and Madejski is being made an honourary figurehead rather than having any involvement.

Well he's right on b and c, so are we to assume his 'sauce' is right on a too ! ..