Hamilton vs. Hoy

Comedy? What's the link between Red Dwarf and comedy?

Best TV ever.
Sense of Humour Fail.

The bettings odds for Hoy to win this weekends race are 8/11

Hamilton's odds are 1/3

Would someone explain what that means.

It's cool that you can bet on anything in the UK.

I bet you only get comedy answers.

Mine is the first. I win!!

Excellent. This is the xmas fancy dress we're doing for a mates night I'm involved in.

It's quite simple:

Hoy: bet 1 - win 1.73

Hammilton: bet 1 - win 1.33

So Hammilton is slight Fav but both those odds are quite short which means the bookies are cagey and don't know how this will pan out. Not worth a punt.

The bettings odds for Hoy to win this weekends race are 8/11

Hamilton's odds are 1/3

Would someone explain what that means...

8/11 means if you bet £8, you get £11 back. in decimal your £1 returns £1.375 for a hoy win and £3 for a hamilton win.

in decimal your £1 returns £1.375 for a hoy win

Unlike like what your tought in school, bookies always round down decimal points.

Excellent. This is the xmas fancy dress we're doing for a mates night I'm involved in.

Oooh eerr.

Thanks, makes more sense now.

So the bookies think Hamilton will win?

Anyone going to this?

Unlike like what your tought in school, bookies always round down decimal points.

yeh i know. every penny counts!

have you got it the other way around (from what dmczone put up) or did you get your odds elsewhere?

@dmczone. yeh, cant believe that you can bet on anything in this country. no idea how they can place odds on weather, politics, tv shows, etc. dont think gambling is a big problem here tho

It means the bookies will make money

It means the bookies will make money

Don't need to look at the odds to come to that conclusion.

no idea how they can place odds on weather, politics, tv shows, etc. dont think gambling is a big problem here tho

I worked for Paddy Powers for 2 years, they have a huge team that exist just to do research for the prices. Novelty bets such as big brother & x-factor make them huge money as people tend to bet with emotional investment and not by studying trends & insider information. With bets like snow on Christmas day (which is actually a big one) the prices start short and then vary as new met information comes in, this is being constantly monitored by the equivalent of a news room who constantly striving to be more informed then the punters at large.

With novelty betting the bookies have moved into a whole new demographic of punters, who would never before have set foot inside a bookies & this has been incredibly lucrative.

Novelty bets such as big brother & x-factor make them huge money as people tend to bet with emotional investment and not by studying trends & insider information.

A bad gambler tries to beat the odds.

A good gambler knows the odds. ;)

Well i'll give you an in-depth anaylsis on sunday evening when I get back from watching it =D

Just the right tone of jingoistic baiting of those cheese eating surrender monkeys...

bikeradar reckons you'll be able to watch it online http://www.bikeradar.com/news/article/watch-chris-hoy-vs-lewis-hamilton-live-on-bikeradar-19589

8/11 means if you bet £8, you get £11 back. in decimal your £1 returns £1.375 for a hoy win and £3 for a hamilton win.

No, it REALLY doesn't.

If you had an 8/11 winner with an £8 stake, would you be happy if the bookie handed you £11 when you went to collect? You'd have been shortchanged by £2.81.

8/11 x £8 stake = £5.81 winnings
Total returns = £5.81 + £8 stake = £13.81.

I hope you don't gamble.

No, it REALLY doesn't.

If you had an 8/11 winner with an £8 stake, would you be happy if the bookie handed you £11 when you went to collect? You'd have been shortchanged by £2.81.

8/11 x £8 stake = £5.81 winnings
Total returns = £5.81 + £8 stake = £13.81.

I hope you don't gamble.

yeh, i immediately worked it out that my calcs were wrong. bah, dont get the 'fraction' method. i always switch to the 'decimal' odds on my williamhill account. so yes i do gamble. :(

not much of a regular gambler though. put in £20 a couple of years ago, havent topped it up yet, withdrawn about £200 in winnings and current balance is £150. either im very lucky or putting in 'very safe' bets. last big win was the delahoya-pacuiao boxing match! i was two round short of a £264 win.

8/11 x £8 stake = £5.81 winnings
Total returns = £5.81 + £8 stake = £13.81.

I hope you don't gamble.

Mostly right. As i posted earlier the returns on 8/11 is 1.73 so:

on a 8 pound bet you get, 8 x 1.73 = 13.84

it's not always as direct as math in school, but 8/11 odds will always be 1.73 and never 1.727272... as a calculator would tell you.

I hope none of you gamble. truly a mugs game.

so who's actually gonna watch then? on in wee bit

what channel???

http://www.raceofchampions.com/tv/schedule/

Skysports Extra right now

Anyone trying to watch this on Freecaster? It's not working for me.