Earlier this week myself and a few of my friends had fun with McBookie in regards to the next Ross County manager. We picked four candidates, we then asked for a price and backed each person from 33/1 to odds on. Butcher, Hartson, Lennon and Malpas were odds on at some point but at no point were they likely to get the job. This forced McIntyre's price out.
At no point did these odds ever reflect the probability of an outcome occurring.
The odds on a no vote (from Ladbrokes) are currently 1/4, applying probability this equates to an 80% chance of it occurring. Yes is 3/1 which is a 25% chance of it occurring. If you add these up you get a probability of 105%. This is where the bookies make their money in the over round.
Personally I think anyone that has backed No at odds like 1/4 is a mug.
Do you think anyone who lays No odds at 1/4 are mugs?
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Do you think anyone who lays No odds at 1/4 are mugs?