Thread: Betting vs Lay
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Old 8th September 2007, 07:08 PM
michaelg michaelg is offline
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Join Date: Jan 1970
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The footy match tonight between England and Israel seems to be another example of P's paradox?

England's bet price is $1.36
Israel's lay price is $15.00
The draw's lay price is $5.10.

To win $26 by backing the poms the liability is $74.
To win $26 by laying Israel for $6 and laying the draw for $20, then the liability for Israel is $64 ($10 better-off than backing the poms) and the liability for the draw is $76 (only $2 worse-off than backing the poms).

If my maths are correct, and someone wants to back the Poms, it would be better to lay both Israel and the draw?

Chrome, if you are reading this, (or anyone) is there any way to capitalise on such situations to obtain an arbitrage?
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