The #LUFC Breakfast Debate (Thursday 3rd August)

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Eireleeds1 said:
As you might have guessed Im not a betting man. Red Rum was one of my last bets <ok>
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What you said was in a way correct though. Market forces usually create the odds, but sometimes bookies odds create market forces.

And the bigger a club’s fan base the more profit bookies can make for themselves. Take the farcical managerial saga for who would be the next Leeds manager. Almost daily a hot favourite was installed. Leeds fans would lump money on. Then another hot favourite appears and so the cycle continues.

They target mug punters.
 
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Eireleeds1 said:
Morning all. I thought bookies odds were governed by the amount of cash placed by punters on any bet. Also clubs with bigger fanbases will throw more money at it. Remember we were fifth and sixth favourites for relegation most of last season and some saw that as meaning wed be safe. Means nothing same as pundits opinions <doh>
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Going by the average Leeds fan in here, we should be 100/1 then. The majority on here keep saying we’ve no chance of going up so having a large fan base means nothing if the fans don’t believe it. Then you also have the superstition of fans never betting on their own team
 
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ristac said:
Going by the average Leeds fan in here, we should be 100/1 then. The majority on here keep saying we’ve no chance of going up so having a large fan base means nothing if the fans don’t believe it. Then you also have the superstition of fans never betting on their own team
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We’re going up as champions - easy money :biggrin:
 
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Eireleeds1 said:
Morning all. I thought bookies odds were governed by the amount of cash placed by punters on any bet. Also clubs with bigger fanbases will throw more money at it. Remember we were fifth and sixth favourites for relegation most of last season and some saw that as meaning wed be safe. Means nothing same as pundits opinions <doh>
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The cash being placed is a big part of odds movement but they will have experts whose job it is to decide the likelihood based on what is happening at the club and others. This is why the odds fluctuate when we sign a new manager and sign/ sell players.
 
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