November 2, 201014 yr Ok, an odds making guide. :lol: 25/1 Eledan - Cheryl Cole - Promise This Dividing 25 onto 1 will give us 25. The closer this number to 1 - the better chances. If you place the 1 krone bet you will win 25 krones back if the song wins the contest. 1/25 Eledan - Cheryl Cole - Promise This 1/25 < 1 => it's super likely this song is going to win the contest. In fact bookies are so sure that they place 1/25 bet, i.e. if you place 1 krone on this song you will win 25 if the song actually doesn't win. 1/1 bet usually means the chances of losing and winning are equal. Basically if the first number is more than the second then it's a bet for the song to win, if less - to lose. 100/3 means 33.33/1 btw. So in brief... x/y: x means losing, y - winning. 25 - 'losing' number, 1 - 'winning'. 25>1 that means it's more likely to not win the contest. And the more the 'losing' number is - the harder for a song to win. 1/25 - 1 - 'losing' number, 25 - 'winning' number. That means the chances of winning are higher - that is why bookies put a 'bet to lose' for a song since it's unprofitable to keep odds like 3/1 for Josie in BB10 because it is f***ing obvious she is winning :kink: Tried to explain it from various points. lolz
November 2, 201014 yr 1/25 Eledan - Cheryl Cole - Promise This 1/25 < 1 => it's super likely this song is going to win the contest. In fact bookies are so sure that they place 1/25 bet, i.e. if you place 1 krone on this song you will win 25 if the song actually doesn't win. I'm not following you there :lol: If you put £1 on a song to win at 1/25 you'd win barely anything back whatsoever if it won - 2.5p? And obviously if it loses you don't win anything anyway. 1/25's aren't ever worth putting any money on, always go for the dark horses and potential shockers! If you put £1 on a song to lose at odds of 25/1 of course, then you would win £26 back if it actually did indeed lose (which at those odds would be a shocker).
November 2, 201014 yr I'm not following you there :lol: If you put £1 on a song to win at 1/25 you'd win barely anything back whatsoever if it won - 2.5p? And obviously if it loses you don't win anything anyway. 1/25's aren't ever worth putting any money on, always go for the dark horses and potential shockers! 4p ^_^
November 2, 201014 yr 4p ^_^ Thank you! You'd think I could manage 100 divided by 25 wouldn't you :lol:
November 2, 201014 yr For me, it was completely unecessary, and actually was a bit of a pain in the ass. Takes away discussion from the national threads since we can't discuss what we want to send. I ended up voting for countries I normally vote for anyway
November 2, 201014 yr I'm not following you there :lol: If you put £1 on a song to win at 1/25 you'd win barely anything back whatsoever if it won - 2.5p? And obviously if it loses you don't win anything anyway. 1/25's aren't ever worth putting any money on, always go for the dark horses and potential shockers! If you put £1 on a song to lose at odds of 25/1 of course, then you would win £26 back if it actually did indeed lose (which at those odds would be a shocker). I always thought that 1/25 is automatically a bet to lose, i.e. if you place a pound on it then you will win 26 pounds. Oopsy Daisy :( And this was the person who is gonna be a freaking professional mathematician in about 8 months! :drama: Sorry for misleading :(
November 2, 201014 yr I always thought that 1/25 is automatically a bet to lose, i.e. if you place a pound on it then you will win 26 pounds. Oopsy Daisy :( And this was the person who is gonna be a freaking professional mathematician in about 8 months! :drama: Sorry for misleading :( Not at all! It's basically a safeguard for the bookies that are so absolutely certain that something will win that they want to pay as little back out in the eventuality that it does inevitably win. Hence why Fairytale, the most blindingly obvious ESC winner of all time, had odds of 11/10 or something just before the final :lol:
November 2, 201014 yr Would be very much ion favour of that new suggestion. I assume you mean that as soon as the voting starts it is revealed who sent what? Artist confirmation seemed really smooth and stress free this time round which, as long as it is ok with the host, is the way forward :) Thanks for opening this thread by the way, it's nice to know people do care about what we participators think X
November 2, 201014 yr Would be very much ion favour of that new suggestion. I assume you mean that as soon as the voting starts it is revealed who sent what? Artist confirmation seemed really smooth and stress free this time round which, as long as it is ok with the host, is the way forward :) Thanks for opening this thread by the way, it's nice to know people do care about what we participators think X We've always listened to what people think. Whether we take that on board or not is a whole different ball game :kink: I have to say the confirmation was a joy to host, it was just so simple and smooth.
November 2, 201014 yr It was definitely a far cry from the terrible antics we had a while back of people reserving a song just so another person couldn't have it. D: It was all very messy.
November 2, 201014 yr I really like the anonymity. I'd also prefer if we had the reveal during the results, as opposed to before. It'll make it more suspenseful and stuff, although there is a down side as it does take away from discussion about entries and stuff.
November 3, 201014 yr please keep anonymity :) and I'm pleased that my 18 went to Rontvia and 13 to Yuxhaq :o
November 3, 201014 yr I don't think I piped up here yet, but I like the anonymity in the reservation/confirmation stage, but I really think that come the final it should be gone and people should then be free to post who they are, possibly even post the songs anonymously as they are submitted...
November 3, 201014 yr The only thing that i don't like about anonymity is that i have to hide the song in my chart, and album tracks of the artist i enter too, which is really annoying. :(
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