drew kim wrote:What you say is good on paper but in reality the vast majority of 10/1 shots lose and unless you hit the ground running you are likely to lose your bank pretty early on. You can find fantastic "value" but winning once at 50/1 is very, very difficult even in 50 bets for a "real" 10/1 chance. It is subjective, what you deem as a 9% chance someone else may deem a 4% chance and in theory no-one is right and no-one is wrong - only results decide that.
I think Brook has around a 20% chance of winning so in theory 5/1 should be value. However, regardless of odds I think Porter has far too much for Brook and I'd rather take prohibitive odds and collect the money rather than sit there proud of myself holding a 8/1 losing ticket.
I agree with most of what you are saying. Value is all in perspective. What you think is likely to happen, someone else might think the opposite is likely to happen. However...lets say you think Fighter A has a 15% chance to win, but you can get 20-1 on him....I would take that all day. I think you on the other hand would just say "well he wont win so..." When you take big odds like 20-1 you don't need to win anywhere near half the time to profit. So when I see big odds and think the underdog fighter has a somewhat legit chance to win I'll take it. I'm not saying that I would take something like Sergio Mora at 20-1 vs GGG (I just made that matchup in my head) because I don't think Mora could win, so 20-1 on something that can't happen doesn't interest me.
As for Brook vs Porter this is where perspective comes into play. You think Brook only has a 1 in 5 shot so Porter at 1/3 is decent value for you. I just hate risking a lot of money to win a little money, it makes me nervous, and I also think Brook has almost as good a chance to win as Porter.
I don't really bet on "50-1" shots too often because 99 times out of 100 those fights are about like GGG vs Me LOL. What I usually bet is about like the Brook odds. If I think someone has almost a 50% chance or better to win, and they are 2-1 odds or more I'll go for it. That's not to say If I see someone that is 10-1 and I think they have a 25% chance to win I wouldn't be in on that, because I likely would be, but like I said I would not take 50-1 on something that realistically has no shot in hell
It's interesting you mention the nerves you have. Studies indicate that people are more successful betting with lower stakes. I can readily understand why. If people bet in leisure (or "for fun") they have a different mentality to betting if they are doing it for a living. When it really "matters", people think differently and they act differently because of the pressure it creates upon them.
Statistically 8% of punters win in the long term. These people have not only the know how but the ability to treat betting as a business also. It doesn't sound that difficult to do but it is incredibly difficult when it is your livelihood hence the fact that 92% will eventually lose.
Anyway, good luck with your bet mate. I think Brook is a decent fighter but I can't get Malignaggi out of my head. He got blasted well and truly by Porter and I don't think Brook would've done that to him in a million years. I see Porter stopping Brook but hey ho I have been wrong before, 1984 I think it was.
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D ;;-)