25. June 2009
Bookmakers requiring to raise prices
There are certain odds, that when you look close enough, are beyond comprehension. If we look at the next football World Cup in South Africa for example you will note that Spain and quite rightly are favourites. But then you look at the price and it's an apalling 6-1 in most places!
This is a price that has been provided a year before the tournament begins, before a new and hectic season, and before, albeit very likely, that Spain have even qualified! The price of 6-1 means you could back 5 teams at the same stake including the favourites, and, should Spain win, you will at least get your money back. Even by backing the top 6 in the World at this current moment, there is still no guarantee of what will happen mid season, teams can become dis-jointed after just one injury, let alone two or three or even four.
Imagine England without Gerrard, Ferdinand and Rooney. The team would be completely different and without doubt, less effective. Most will place bets on the World Cup a little closer to when the tournaments start, but those that back any team now will either have more money than sense, or they know something the rest of the speaking world do not.
There is presently no value whatsoever in any of the World Cup bets, and, in reality, most other sporting events. Federer is a shocking 8/11 which considering he has not won for two years begs the question why so low. Then there is Murray, who simply cannot win a major is 7/4.
The top 10 bookmakers are obviously slightly concerned, maybe the public are not betting as much as they used to or they are focussing on outright favourites, knowing that a win will give them something back. The bookies it seems, are currently not wanting to give anything back.
Article Source:http://www.articlesbase.com/online-gambling-articles/bookmakers-requiring-to-raise-prices-993218.html
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