Out of Pod Experience

Hey guys.

I have noticed something with the eve bet website.

Before i explain this id like to inform you i have been real life betting for 10 years since i was legal to do so in the united kingdom, and have worked in a betting shop within england. So i know what im talking about basically is the point there :D

Ill have to explain how normal betting works in order to explain to you how they are effectivley "skimming" their customers.

SO when you have any sporting result in a "money line" or a "head to head" situation, so say for example Giants vs Tigers.

If theese two teams are expected to face off and be completley even in the odds, the odds stack up as 10/11 or 1.91 on each to ensure a fair market.

Giants 1.91 vs Tigers 1.91

If all of a sudden the giants have been getting betted or something changes with the team lineups that favours the giants, Their odds will decrease and the tigers odds will increase, still ensuring that fair chance for both selections to be profitable for both the betting site or the bettor

IE Giants 1.8 vs Tigers 2.0

And so on and so fourth. now we have that out the way, id like to show you some very real examples of whats going on. Theese odds that im about to show you are consistant across multiple huge real money betting sites, but i will be using SKY BET as my main source here.

SO, sky bet has rugby league, Catalan dragons 2.375 vs St helens 1.72 (plus a third option of a draw)
Eve bet has rugby league Catalan dragons 2.01 vs St helens 1.59

Sky bet has Basketball, Washington wizards 2.375 vs atlanta hawks 1.615
Eve bet has Basketball Washinton wizards 2.1 vs atlanta hawks 1.56

Sky bet has Ice hockey, Montreal canadiens 1.8 vs Tampa bay lightning 2.00
Eve bet has Ice hockey, Montreal canadiens 1.68 vs Tampa bay lightning 1.93

Sky bet has Baseball , Baltimore orioles 2.00 vs NY yankees 1.87
Eve bet has Baseball , Baltimore orioles 1.92 vs NY yankees 1.68

As you can see i have taken a broad range of sports but i assure you it is the same across the board on all their sports selections. While it is OK to have differing odds, If one selections odds are lower then the other side should directly counter act this and be higher. This is not the case, BOTH SIDES ARE LOWER

That is COMPLETLEY WRONG, you cannot do that and any real life betting website who trys to pull that **** would be shut down instantly. THEY ARE STACKING THE ODDS. Odds are allready in their favor. and even matchup is 1.91 vs 1.91 in ANY bookmaker unless they run some form of promotion, none of which has happened here.

This has not allways been the way, ive used eve bet for a long time, im currently posting from an alt to prevent myself from being banned from their site for exposing this. Eve bet has generally they have been very consitant and fair, but it looks like they have tried to sneek this in against the customers who have aparently bet "288,473,757,650,346" isk and counting.

BS eve bet. i will not be betting on your website untill you make it fair again.

Sky is going to attract a much larger pool of bets, so overall their pool of bets is going to more accurately reflect the odds. I don't know how many people bet on eve-bet, but I'm guessing it is relatively small, thus the bets placed may not always reflect on the odds. So Eve-bets choices are either skew the payouts depending on what people actually bet, or offer odds that are inline with (but pay less than) Sky or Vegas odds, and make money over a large number of events, or otherwise run out of isk.

This thread has been moved to Out of Pod Experience.

So just because eve-bet are not using skybet's odds they are wrong?.
And odds are not added together, they are multiplied.

Yes I read the whole post.

AFAIK evebet is the only sportsbook/betting site out there that wiil take EVE ISK?.
I understand what you are saying that the gambling organisations make stupid profit anyways, let alone skimming from the odds.

However unless a competitor arrives I guess they will continue to do so?

i wonder why they chose to up this recently. Gonna lose customers, hope they do, teach them a lesson. when i say "fair odds" ntw duqu thats taking into consideration that the 1.91 either way is still very much in the bookies favor. not expecting 2.1 either side ofc.

The ratios may be different, but they are not dealing in real money, as the other services are not dealing in the ISK currency.

I feel this topic belongs in My Eve sub-forum.

I have lost billions on Eve-Bet... But i don't complain.

Wait wait wait... someone in EVE is scamming!?

We know they take a part, bigger than others, so what, is it unfair that its so big part they take? Its still not really honest way of earning ISK, because it involves hazard.