100 to 1 Shot
I’m sure most of you by now have seen Devin Harris’ game winning half court buzzer beater from Monday night. If not you have to see it.
The Harris shot gave the New Jersey Nets a 98-96 win over the Philadelphia 76ers. Harris also had a game high 39 points in the contest.
Below is how the betting was matched on the Nets in the game on Betfair. You can see near the end of the game there is a high spike. To the right you can see $40 was matched at odds of 100.00.
I happen to be the lucky one on the end of the bet that backed the Nets for those odds.
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Comments
That would be very exciting, except that the traded total shown is always the amount of the back plus the amount of the lay, so if the bet was genuine, the traded total would have been $79 not $40!
correct me if I’m wrong but if you backed for 39.94 then this would have shown up as 80 on Betfair graph as they add the backers and layers stakes together?
Last time I looked a 100-1 shot would be odds “101″ on Betfair. Also in the traded column it counts both sides of the bet so $40 traded would be $20 matched on your side. Just a couple of hints for next time you want to make something up.
Curly
P.S. I just double checked and 100-1 is still 101
Oh please, thats the worst fake screen shot ever, look at the zeroes on the 100!!! Plus if you had $40 matched, it would show $80 traded @ 100.
quite clearly a doctored screenshot! on your p/l statement the zeros of the 100 aren’t the same! such a pity when people have to fake things.
it’s a by-product of cross-matching… by the table you can tell $20 was matched backing (total $40), that’s probably all there was available on the screen. However 100 is also equivalent to laying 1.01 (actually the laying is marginally better, but largely irrelevant at that price), that’s where the rest would could from. From the graph you can see 25k or so matched at a low price, probably 1.01. Betfair introdcued cross-matching this time last year in order to match more bets - it means you rarely see any prices on the outsider. If you try to back it, you’ll usually get indirectly matched as a lay of the fav (you won’t see the price your back bet is credited at on the screen).
100/1 vs 100 - ffs, they’re interchangeable at that sort of price!
I think you’ll find it is… but only on match odds, not handicaps. Try for yourself - find a game with short price fav to back and lay, and nothing like the ‘true’ price on the dog. Ask for a better price on the dog and see what happens.
Scott,
Interesting that the new matching logic applies to match odds yet not handicaps.
Do you know why this is?
To be honest, THIS introduction from BF was the biggest mystery, grey area and possibly dubious “development” made in 2008, NOT the premium charge.
Right now, bettors dont know which logic applies to which markets.
Some might say it doesnt matter, but if that is the case, then why does it apply to some markets and not others? (I would argue that it actually matters to people who put up offers as opposed to those taking offers by the way.)
it’s a techie reason - ‘Match Odds’ caters for every market for a particular sport, whereas handicaps are listed as ‘Detroit +5.5′ etc. Sounsd very basic but the code is quite deep and dated.
Personally, I hate it with a passion. I love to lay the short price on one side (say 1.3) and then lay 3.2 on the other side because nobody has posted an offer and the novice customre, who generally backs only, will just back his team at whatever price rather than lay the favourite - as ‘obviously’ laying is far more dangerous (?!)
I understand why they did it (make more commission from matching more bets, and making it simpler for novices) but since I’m not a novice and now care first and foremost about my own pocket, I don’t like it at all.
Match Odds (two-way only) & Under/Over markets are the main ones it works on, at least that I’m aware of. I’m also pretty sure it does NOT apply to Aus wallet markets.
Scott,
Thanks for the reply.
Im not technically adept at all so will have to defer to BF’s tech boys on that (although its still a little difficult to believe!)
Like yourself, I dont like it at all and saw it as more of a “dagger move” from BF then the premium charge.
My main issue is that it now leaves less incentive to people to put an offer in/up (back or lay on either side) then before and if you do, you’re more likely to be behind the Q as the market is effectively one long “super Q.”
Im not sure even with the new logic, its any simpler for novices either although BF will certainly make more comission as a result (compared to what they would have done.) Also, it would be nice for BF to be clear on which markets it operates on (either in the rules tab or a definitive list somewhere on the site.)
Thanks again for the reply.
JP,
Agreed if the market does operate with cross-matching it should be in the rules.
I believe these are the markets in which it operates:
Match Odds markets in Basketball, Boxing, Cricket, Ice Hockey, Rugby League, Rugby Union, Snooker, Tennis and Volleyball, Greyhounds win markets, Darts match odds, correct score and handicaps and Soccer match odds, HT/FT, correct score and unders/overs.
This is the list provided in the forum:
Betfair Forum>sService Announcements>Bet Matching Logic-Update> Dated 24 Jul 2008
theBA
congratulation on that one shot for Devin Harris and for you..