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Waterwheel Inc.
05 Sep 11 03:55
Joined:
Date Joined: 26 Oct 05
| Topic/replies: 42 | Blogger: Waterwheel Inc.'s blog
I'm sure this is something some idiot asks often enough (it's something of a mug bet after all), but after a bit of digging through the search engines I've found no decent answers so I wonder if someone could help me out and ease my curiosity?

I assumed there was a standard formula, but after checking the prices for a few possibles on the England game I found that even when bookies had the same price up for first goalscorer and correct score markets they had different scorecast prices. So following on from this, I wonder if anyone has any significant experience on who offers the better prices about them? (From what I checked, VC seemed to come out consistently better than the opposition.)

Thanks for any comments anyone can offer.
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Report Alex the old wrinkled retainer September 5, 2011 4:05 AM BST
I would multiply FGS x CS odds when the betfair markets have matured, less 5% to arrive at fair value.
Report loveit September 5, 2011 5:37 AM BST
its nowhere near fgs x cs - 5%.it should be buts not.
normally ends up being -25% on betfair and %30 + anywhere else.
its a fantastic bet to lay if you have the funds to do so.
Report RonaldinhoRAT September 5, 2011 9:17 AM BST
I wonder if anyone has any significant experience on who offers the better prices about them?


Betfair only offer a few scorecasts on a few matches but their prices will be best by a long way. Compare BF scorecast to FG odds and you'll more often than not see very little difference in value, bookies will have over 200% books for SC.

The calculations for scorecasts go way back and differ from company to company some working from templates from 15 years ago, to try to find a formula would be very hard, i'd imagine a few people sat around multipying FG prices by correct scores then taking away between 25% and 60%. As a related contingency bet a deduction would be reasonable but the FG and CS prices already come with healthy overrounds combined with an additional deduction for the related part.

So good luck on finding the scorecast valueConfused
Report kenilworth September 5, 2011 9:26 AM BST
One of the most heavily promoted bets by bookmakers
so the lack of value should be obvious. Other bets
to avoid are h/time - f/time, again encouraged.
Report DeKaiser September 5, 2011 10:58 AM BST
Avoid HT-FT ? It is a goldmine if you know what you are doing [;)]
Report jinjing September 5, 2011 11:43 AM BST
Laugh

Odds = return rate / probability
Report Waterwheel Inc. September 5, 2011 2:49 PM BST
Thanks for the replies, it was pretty much the fact that the prices were so bad that led me to wondering how on earth they were calculated. Needless to say I shan't be in a hurry to go placing one anytime soon.
Report Alex the old wrinkled retainer September 5, 2011 7:01 PM BST
Why would  the "right and fair price" for a Scorecast bet be anything other than CS x FGS?  I am perplexed why anybody would think it should be discounted, except for nominal commission if an exchange is used.


I agree with most who indicate that they are Turpin bets. For layers, not backers.
Report Alex the old wrinkled retainer September 5, 2011 7:15 PM BST
In fact it can be more than a Turpin bet.  Sometimes the odds offered put it into the trap bet category.
Report RonaldinhoRAT September 5, 2011 7:37 PM BST
Alex the old wrinkled retainer
05 Sep 11 19:01 Joined: 07 Aug 06 | Topic/replies: 17,058 | Blogger: Alex the old wrinkled retainer's blog
Why would  the "right and fair price" for a Scorecast bet be anything other than CS x FGS?  I am perplexed why anybody would think it should be discounted,


Imagine a virtual match where all have a equal chance to score priced at 19/1, take the 1-0 score priced at 7/1

so is it better to have

£10 on 1-0 to win £80
or
£1 on each scorecast £160
Report DaveEdwards September 5, 2011 10:27 PM BST
A different way to look at the correct price might be as follows:

Player A scores first & his team wins 2 - 1

On a basic formula you could look at multiplying price for Player A and the odds on both teams scoring one more goal, i.e. 1-1 not including the first goal. Virtually impossible to do as predicting both the player to score, the time of his goal and therefore the odds of both teams scoring in the remaining time available would be a particularly difficult situation to model in my opinion.

In very limited scenarios it could be playable, but you'd have to be right on top of your game. Of course the overround ensures the muppet money covers any lucky or skillful win on this bet.
Report DeSSieReborn September 5, 2011 10:29 PM BST
They work out what would be fair to give away, then reduce it by 50%.
Report DeSSieReborn September 5, 2011 10:30 PM BST
scorecasts are for mugs
Report DaveEdwards September 5, 2011 10:30 PM BST
they are indeed
Report gnashersblackpool September 5, 2011 10:42 PM BST
correct score x1st scorer prices minus 50%isoften the norm.

as example if rooney scores first for utd oppents cant win 1nil 2 niletc,so these have to b factored in.
Report DaveEdwards September 5, 2011 10:48 PM BST
if it is done on a straight multiplication less 50%, it would tend to indicate how much faith they have in their own ability to price this with any degree of accuracy
Report Warnsie September 5, 2011 10:54 PM BST
Load of old tosh these bets, only do them in the ground before the match, for a bit craic between the lads. Theyre just fun bets, anyone who takes them seriously must actually be micey. Not sure how theyre calculated but the odds always seem ridiculous.
Report Warnsie September 5, 2011 10:56 PM BST
Load of old tosh these bets, only do them in the ground before the match, for a bit craic between the lads. Theyre just fun bets, anyone who takes them seriously must actually be micey. Not sure how theyre calculated but the odds always seem ridiculous.
Report DaveEdwards September 5, 2011 10:58 PM BST
They aren't fun bets at all. On the part of the bookmaker they are very serious bets. It's an easy way to relieve you of money.

Anyone who does these for fun too must actually be micey, whatever the **** that means.
Report Warnsie September 5, 2011 11:08 PM BST
Chill out u RAGING old goat. I think i can afford to throw a tenner at a scorecast once a week. Don't lose any sleep over it PAL haha.
Report DaveEdwards September 5, 2011 11:11 PM BST
I won't be losing any sleep over it.
Report Warnsie September 5, 2011 11:12 PM BST
Do u never have a bet for fun Mr Dave Edwards? Hmmm?
Report DaveEdwards September 5, 2011 11:16 PM BST
no
Report Warnsie September 5, 2011 11:18 PM BST
Awwwuuhh, u should some time, might be dead fun :)
Report DaveEdwards September 5, 2011 11:19 PM BST
each to their own Warnsie, good luck
Report Alex the old wrinkled retainer September 6, 2011 7:50 AM BST
Is this true Dave, are you a raging old goat? Laugh
Report marychain1 September 6, 2011 8:31 AM BST
No harm with having a fun bet for small steaks. My mate and I chuck a few quid each week at goals galore trying to get 10 right at 350/1-500/1. We don't expect it to come in ever, and we are perfectly aware that it's a terrible value bet, although we've been one team off twice. But it's fun watching the goals come in and marking them off the coupon as we sit in the gresty road en watching crewe lose.

If anyone cares it the two teams that have cost us have been Coventry and Peterborough.
Report Alex the old wrinkled retainer September 6, 2011 8:36 AM BST
"If it were not for recreational punters it would be much tougher to make money."




ATOWR 06/09/2001
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