Odds settlement

As my service moves forward, I always endeavour to improve, so on my spreadsheet, I have now added an extra column called “advised odds”.  This fits between “settled odds” and “min odds”.

This should explain the process of settling better particularly for snooker bets sent via email and prices they are settled at.

Sometimes snooker bets in the opening rounds can be sent anything from fourteen to one days in advance and this can create problems when the market fluctuates in that interim period before the match.  I repeatedly make reference to the fact, that when a price is taken early at b365 there is always the option to cash out and take bigger prices in that period.  Of course, the biggest volume of snooker bets is indeed in the opening rounds when we have more edge on the firms.

To help explain how the process is a difficult one to pin down completely accurately, let’s take a look at this week’s bet for Matt Selt to beat Mark Selby as it’s fresh in our memories.  I would normally have sent New Years Eve when the market first went up and indeed put the bet in my draft emails to go once the bank holiday period ended.
So when I sent bet on Monday lunchtime 24 hours prior, a quick search of odds saw four firms and b365 offering 2/1 while William Hill and a couple of ponzi books went 21/10.
Upon sending, b365 chopped quickly to 7/4 and only a few of their subs got on at 2/1 with that firm.  That said many subs did indeed get on 21/10 WH, or 2/1 VC or Parimatch (counted as one), Unibet, Spin or Betfred and thank you by the way for taking the trouble to answer my email as to the price you got.  On occasion, if I have not been around to be able to follow the market, I may ask those questions before settling especially as oddschecker is poor these days, and hopeless if you try and go further back than 24 hours.

From that response, it would be fairer to settle the bet at 15/8 In the “settled odds” column while having 2/1 as “best odds” and 7/4 as “minimum odds”.

B365 have always been the firm that I use for bet settlement unless two decent firms price higher but in this case they undoubtedly, moved their price too quickly.  Over the years as a “rule of thumb” I have wanted b365 to stand the price for 20 minutes worst case scenario.  That said, most times unless I have a spy, the prices last sometimes the full day, certainly hours over minutes.

My hope that by putting in the third column for all bets whether golf or snooker, it will improve the imperfect method of settling bets.