UK Bookmakers have caught up with the possibility that Jenson Button might win the F1 Championship this year. The 40/1 I took earlier this week has long since disapperaed - 10/1 is now the the biggest price you can now get with UK Bookmakers.
However, our friends across the pond have still not woken up to the performance of the Brawn GP car. US Bookmaker Sportsbook (http://www.sportsbook.com) are still offering 60/1 on Jenson Button forthe 2009 F1 Championship. I have had 6pts ($200) at this price (plus $20 bonus for opening an account). I'm sure this price won't last long (especially now I've mentioned on this blog!).
I'm not yet convinces that Brawn GP is the 'real deal' but the UK bookmaker prices are probably the most accurate i.e. 10/1 looks approximately the correct price for Jenson Button.
10 comments:
At that price who cares whether you get paid or not?
Hmm. I'll not be impresed if Button wins and for whatever reason I don't get paid!
This was a good spot, but i think all the value in this has gone now, and surely the market has overreacted a little (a little of me admittedly annoyed to have missed the boat having been too engrossed at Cheltenham). Testing is not necessarily a very sound guide to the season ahead, especially if we don't know what set-up they had (and esp. given the need to attract publicity/sponsorship). I am sure they will be contenders early-on, but quotes of 4/1 Button for the title look a little silly. I'd prefer to look elsewhere now for some value (e.g. Ferrari?).
I agree, there is no value no with UK bookies - I think the 11/1 available is approximately correct. Tetsing can be misleading, but I'm more than happy with the 60/1.
Thre is one overseas bookie still offering 70/1 !
well i think i'll focus on ferrari, but not sure which of their drivers I prefer. 5/1 Kimi looks very decent... if he can put it all together this year. I also liked Vettel at 12/1 w/o the big 6 (365, EW 1/5 123). With Alonso very short and the Brawns cut, this has an open look to it.
but no harm in a saver elsewhere... where is the 70/1?
The 70/1 was at www.sgbglobal.com. I've had a further 8pts at this price - they've now significantly cut the price.
Great pick but my only concern would be the low rating sportsbook.com have at sportsbookreview.com
03.24.2009 (10:25 PM CST)
Sportsbook.com (SBR rating D-) backtracks on plans to repay balance confiscation victims
SBR provided Sportsbook.com with account information for players, who were cheated over the past two years, in hopes that new management would follow through with plans to pay users back for stolen funds. Although some managers at Sportsbook.com want to see this debt cleared, Sportsbook.com tells SBR that board discussions have stalled and there are currently no plans to pay owed customers. SBR estimates Sportsbook.com and sportsbooks that the group service stole over $500,000.
Hi Chris,
I didn't quite get the prices you got, but if Button wins I'm sitting on about 320pts profit. Time to lay some of it off? Or would you wait a while longer. Currently 5/2 on betfair (investment 23 points total on the market). I suppose it would be the sensible thing to do to clear the 23 so I "can't lose", but I can't help thinking it would be too soon to do so.
I think the price is probably a little short now (and won't be much shorte if Button wins the hearing). With the fortcoming FIA hearing, there is much to be said for laying off.
If my bets were with Betfair I think I'd at least lay my stake off. However, as my bets are with bookies I'll probably let the bets ride in order to avoid tying up capital.
I'm also very keen not to have to pay out on Betfair and not get paid out by bookies!
Great news, now into 2/1 after the appeal victory!
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