After the 12th round it was 5/1 on Canelo

Discussion in 'World Boxing Forum' started by Gennady, Sep 25, 2018.

  1. divac

    divac Loyal Member Full Member

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    Absolutely not!
    If a bookie were to write odds on who was favored to get a decision they wouldn't write it out as 5/1 against.
    When a bookie writes an odd, its always "for" not "against".

    5/1 Canelo means you have to lay down $500 to win $100

    As I mentioned earlier, I don't know where Gennady got those odds but he posted them as 5/1 Canelo and 1/3 Golovkin, which all things considering, even if the Casino's thought Golovkin won they factor in the viability of Canelo being the Cash cow and highly consider that corruption is part of decisions in boxing.

    5/1 Canelo means the bookies were highly confident Canelo would be announced the winner.
     
  2. lepinthehood

    lepinthehood When I'm drinking you leave me well alone banned Full Member

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    Nope 5/1 is you put on 100 to win 500 even if it doesn't look rightright is how the bookies write it, 1/5 would be 500 to win 100. Or at least it is in the UK.
     
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  3. JoffJoff

    JoffJoff Regular Junkie Full Member

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    You are absolutely in the wrong here. I'm assuming you're American and aren't accustomed to euro odds but you have got things all back to front. I was on Betfair during the time between the bell and the scorecards and Canelo was as high as 7-1, believe it or not.
     
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  4. Gennady

    Gennady Well-Known Member Full Member

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    Thanks

    Those who are making the live odds are experts, and they saw what 80% of the boxing world saw, Canelo got outlanded.
     
  5. ellerbe

    ellerbe Loyal Member Full Member

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    Nope you're wrong. 5/1 means you're getting 5 dollars for putting down 1 dollar. 1/5 odds you're getting a dollar for putting down 5.
     
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  6. the factor

    the factor Active Member banned Full Member

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    You done much betting before?
     
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  7. Flashyo

    Flashyo Member banned Full Member

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    After 11 rounds Ladbrokes had 7.50 on canelo wining by decision
     
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  8. testez

    testez Member Full Member

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    i said this before in the RBR thread. Whoever u think won the scrap, those odds from the bookies all around the world should tell you everything you need to know. like it or not.
     
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  9. DynamicMoves

    DynamicMoves Well-Known Member Full Member

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    Nice find, anybody have a link or some screenshots they can send me?
     
  10. Rilz

    Rilz Ball don't lie! Full Member

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    You are just flat out wrong.

    I will leave this here for you to educate yourself on how odds work.

    https://www.oddsshark.com/tools/odds-calculator
     
  11. Sugar 88

    Sugar 88 Woke Moralist-In-Chief

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    Wrong. 5/1 means you get 5 for every 1 you stake plus your initial stake. For example $1 at 5/1 would win you $5 plus your initial $1.

    1/5 would describe what you're referring to wherein a $5 would see you win $1 plus get you your initial $5 back.

    Source: I'm the son of a bookie.
     
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  12. madballster

    madballster Loyal Member Full Member

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    The thing you guys need to realize that 5/1 doesn't mean something is impossible. According to the bookies, it was unlikely for Canelo to get the nod on the cards. But not impossible.

    This reminds me of the people who deride political polls because they got the "2016 election so spectacularly wrong". No, they didn't get anything wrong. They said Democrats were the favorites to win, doesn't mean the opposite outcome is entirely impossible.
     
  13. Sugar 88

    Sugar 88 Woke Moralist-In-Chief

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    The point the OP is making though is the sports analysts who evaluate fights for in play betting thought the fight would go to Golovkin. For whatever reason they thought him getting the nod was unlikely but obviously forgot who we're talking about here.
     
  14. madballster

    madballster Loyal Member Full Member

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    Ok again, "unlikely" doesn't meant impossible. If the weather forecast says there's a 20% chance of rain for tomorrow and then it rains. was the weather forecast wrong? Was the weather rigged?

    Low-probability events do happen. Very low-pro probability events happen, too. Our planet gets his by a Mt. Fuji sized asteroid every 100 million years. It happens.
     
  15. Sugar 88

    Sugar 88 Woke Moralist-In-Chief

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    Low probability events aren't usually linked to human opinions. And the bookies weren't saying it was impossible but clearly they thought Golovkin was the most likely winner. The OP is just adding them to the list of people who expected Golovkin's hand to be raised at the end.

    Your meteor analogy is also pretty poor IMO.