Betting: Dane catching up with Vinnie!

[CaudleHalbard]

A lot of money must be going on Dane to win.... his odds have really shortened over the past couple of days. Currently:

Vinnie 6-4

Dane 2-1

[Joe.]

**** Sake. Like Ben Adams from last year!

[Chels]

i think people have been betting on him cos of the cheers he's been recieving for no reason :sleep:

[Joe.]

i think people have been betting on him cos of the cheers he's been recieving for no reason :sleep:

Yeah I know, but he does nothing for the house.

[MrGaryy]

This makes me very happy.

[Harry!]

Yey.

[Jackie]

Dane to win

[Billy]

Gutted that Nicola has drifted so much!

[Claymores]

I've no idea if Dane has any chance or not to really win (it is irrelevant to the following), but in gamblers' jargon this is known as a "ramp".

Under a ramp you place bets [say on Dane] at the longer odds when something semi significant occuring. The process of buying the bets alone causes the odds to tumble, then you 'sell' by laying against [betting Dane doesn't win] at the lower odds.

Easist analogy I can think of is the Stock Market in reverse - buy high sell low. The difference between the 'buy' and 'sell' becomes pure profit irrespective of the outcome of the event in question.

It is the way Stock Market traders operate - they don't actually care if X company invent a cancer cure or not, or if the crops are gonna fail in Kansas - just the profit to be made on trading at the correct time.

[Billy]

Nicola finally shortening agaiN!

[Jords]

Terrible Vinnie and Dane are top 2. Could be another great series but have a really bad winner, grr.

[Claymores]

Terrible Vinnie and Dane are top 2. Could be another great series but have a really bad winner, grr.

Sov to win

[Beastie]

Dane? :S

[Beastie]

I think it depends how the highlights pan out.....

[CaudleHalbard]

Well Dane has now overtaken Vinnie as favourite to win.

I interpret that as showing that hardly anyone is betting on Vinnie now.

[Claymores]

Well Dane has now overtaken Vinnie as favourite to win.

I interpret that as showing that hardly anyone is betting on Vinnie now.

Very correct - but read "ramp" post

[Claymores]

Also bear in mind that bookies close overnight so if you look a crap site like Oddschecher, you are looking at 'dead' odds. I just don't want people to get it wrong - look front page here or BBO to get a realistic idea.