- Jul 14, 2015
- 2,777
- 5,177
The bookies odds of something happening is them offering their probability.
If they offered me 2/1 on an event that's 50% going to happen, that's good value for me. Finding your probability and weighing it against their probability (the odds) is how to determine 'good value'.
With transfers it's different but I was just replying to the statement of 'that's not how odds work' when infact it is.
The trouble for the market on transfers is that they are a very small market and that can lead to swings influenced by relatively little money