Submitted by ikashnitsky t3_zbfu8j in dataisbeautiful
Comments
ikashnitsky OP t1_iyqw4ij wrote
perhaps it's a direct translation in my from the typical Russian usage
Eriklano t1_iyqw6jq wrote
That makes sense!
ikashnitsky OP t1_iyr9xl7 wrote
That's very interesting! Do you know of any reference that explains how bookmakers calculate the odds?
[deleted] t1_iyrbh94 wrote
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Chubby-Chaser11 t1_iyryux5 wrote
In betting we call it the underdog. Or dog for short
Chubby-Chaser11 t1_iyryy7c wrote
The bookie sets the initial odds. The public decides the ending odds from there
Eriklano t1_iys0auf wrote
I mean the underdog is who wins to make it an upset. They are two different things.
IMakeMeLaugh t1_iys3zex wrote
He bet a dollar Saudi Arabia would beat Argentina. Saudi won. Profit.
C2H6 t1_iys4881 wrote
Ah so he used the betting odds? Got it.
Embarrassed-Loss-118 t1_iys5oyz wrote
Yep, and the other 3 he lost the bet. So 4 cents lost in bets, but the 1 he lost in Saudi Argentina gained him 24
loulan t1_iysw4re wrote
> 1.20 / 3.5 / 6
Why are there three numbers?
[deleted] t1_iysxtae wrote
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Chubby-Chaser11 t1_iyt8dky wrote
No. He's betting on the one with worse odds to win. That's the underdog
Eriklano t1_iyt8ydy wrote
That is what I said, you didn’t understand me. I said, with other words: when there’s an upset it means that an underdog has won. So an upset and an underdog isn’t the same word. Your original comment, while it is interesting to add the word underdog into the mix, isn’t too relevant because underdog is not equal to an upset. An underdog can exist, and lose. That’s obviously what happens most of the time. Then there isn’t an upset.
Chubby-Chaser11 t1_iytbg51 wrote
He bet on the underdog every single time. And the payout on those odds eclipsed the fact that he lost more bets then her won. Your are so dense
Eriklano t1_iytc5hk wrote
Dude. What are you even arguing? The title is “were there too many sensations in Qatar”. As a comment on that, I wrote that sensation is probably wrong and upset instead is the right word. Then you answer me with “we call it underdog” and continue to argue me about it. Do you want it to say “were there too many underdogs in Qatar”? Because that doesn’t make sense. So what I have been telling you is: UNDERDOG and UPSET are two DIFFERENT THINGS! Sensations and upsets are synonyms (but upset is the better word) sensations and underdogs are NOT. That’s all I’m saying. What have you been saying?
burg_to_314 t1_iytgiu8 wrote
Are these betting odds at the start of the tournament or at kickoff?
[deleted] t1_iyti02b wrote
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[deleted] t1_iyu3cmo wrote
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[deleted] t1_iyv7uv5 wrote
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Livid-Ad4102 t1_iywyh3r wrote
Damn bro "your are so dense" pretty rough fuckin up like that when you're insulting someone's intelligence haha
ikashnitsky OP t1_iyqsotw wrote
SEE AN UPD OF THIS ANALYSIS: https://www.reddit.com/r/dataisbeautiful/comments/zcm4r0
Data: https://www.oddsportal.com/soccer/world/world-cup-2022/results
Tools: R
Code: https://gist.github.com/ikashnitsky/aa56f8d30046c44d3f59c0047033e820