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sum1normal
04 Apr 11 15:16
Joined:
Date Joined: 04 Apr 11
| Topic/replies: 9 | Blogger: sum1normal's blog
how do i create my own betting handicap on for example a rugby team please?

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Replies: 6
By:
tobermory
When: 04 Apr 11 15:35
what do you mean by 'betting handicap'
By:
sum1normal
When: 04 Apr 11 15:56
i want to make my own market on a rugby match, do you know how i can do it please?
By:
tobermory
When: 04 Apr 11 16:18
You could rate the teams and have a table that converts the ratings into prices.

Personally i only look in on the Six Nations and the WC so no Rugby Expert but something like this.....

Pick the best team, give them a rating of, say, 100pts .Then decide by how much you'd expect them to beat the 2nd best team, give the 2nd best team 97 if you thought there would be 3pts in it . Then maybe 94 for the 3rd best and so on .


You'd then need a table to reflect what prices they would be if they met. 
Ratings Difference Team A Team B Draw
0 2.11 2.11 20
1 2.06 2.14 21
2 2.0 2.20 22
3 1.96 2.24 23.5
4 1.91 2.29 25
5 1.87 2.34 26.5



As said don't know much about Rugby and how likely the Draw is or what Home Advantage is worth , but something along those lines (done with proper Rugby Knowledge) would work out the prices for any match , though the table would need to go down to points difference expectancies of 50pts or more.
By:
Veridis Quo
When: 04 Apr 11 23:01
Always helpful stuff, tobes. Happy

As a new poster (user?), maybe what sum1normal was asking though was "Can I create a market on betfair with handicap points of my own choosing applied, for people (and myself) to bet on?" as opposed to "How do I decide the prices?"

In the small chance that I've guessed right, the answer is no, sum1normal.
By:
Veridis Quo
When: 04 Apr 11 23:04
Not that I'm a high roller or anything, but thinking about it, surely betfair would add a specific points handicap market to the markets already available if the person requesting it was going to provide very good liquidity for it?
By:
tobermory
When: 04 Apr 11 23:08
yes i eventually understood what he was on about
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