northbound wrote: ↑Thu Feb 08, 2018 2:19 pm
A few years ago, I remember a website called Daily Donkey that advised lays and showed consistent profits. After further inspection, you could see he used industry SP prices to calculate his P/L, rather than Betfair's best lay prices at inplay time.
Yep, spotted that very quickly … I thought "Donkey" referred to the people who followed him!
spreadbetting wrote: ↑Thu Feb 08, 2018 1:56 pm
Fair enough, Dallas, that makes sense, someone needs to have a word with that ignorant Warlock guy
In fairness to Warlock he does explain that …
The '% of BSP' percentages are worked out as implied odds and not as a direct comparison of the BSP to IPMIN. To go from 4.0 to 2.0 (a DOB), the implied odds would go down from 3/1 to evens in traditional bookmaking prices and this is what is calculated (the 1 point stake is removed from both the BSP and IPMIN).
As for the rest of this debate (yes I'm over a year late!) I think it's simple use of tightly defined language … "50%BSP" is not the same as "50%BSP Odds" … 50%BSP is what's used for dobbing whereas 50%BSP Odds is what I use in some of my systems.