
May 10, 2012 -- 7:54AM, A Reasoned View wrote:
£500,000 wins pretty much only occasionally comes in via multiple bets at bookies and even then the stake is likely to be bigger than £1. No person/bookmaker with any sense is going to offer such massive odds ever otherwise it could send them to the wall if it did come in. For example imagine it was available on the Exchange....say Darlington? to win the FACup in 2013 - the interest you could earn at a bank on £500,000 over a considerable period would be >> the £1 profit (- your commission and your premium charge!) you would win on here with providing that bet. Even if you had your bet over a shorter timescale eg 90 minutes you would still earn more interest in the bank over the 90 minutes than the £1 you would win(-com /pc) so it's a non starter. Basically for layers there are easier ways to win a £1.
But why would they only lay Darlington @1 Million /1 ? .They could lay 500 hundred teams at the same odds in The FA Cup and if there were enough markets across all sports full of no hopers they could make a decent return on their mikkion each year