I understand - you're not saying you expect to win the bet, just that your subjective odds are shorter than the ones they offer.
Obviously the odds for the overall result - with more people betting on it - are going to be harder to affect by putting money on them, but I still wouldn't rely on them too much.
I put a lot more faith in markets where there is more money than where there is less - I've even cautioned about this on Twitter when talking about Poplar and Limehouse.
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timeasmymeasure
no subject
Date: 2010-05-06 09:36 am (UTC)Obviously the odds for the overall result - with more people betting on it - are going to be harder to affect by putting money on them, but I still wouldn't rely on them too much.
I put a lot more faith in markets where there is more money than where there is less - I've even cautioned about this on Twitter when talking about Poplar and Limehouse.