- Why projected Brownlow 2022 vote counts are misleading
- Punters need to be focused on probabilities and price, like any betting market
Welcome to Part 3 of Brett’s Brownlow Breakdown. In the lead-up to the Brownlow Medal, Brett – the man behind our many of our most profitable sports memberships – will share his key thoughts on Brownlow Medal betting.
One thing I’ve noticed with all Brownlow Medal previews and predictions is that they all focus on ‘projected votes’. That seems to be what everybody wants to see.
I think they’re actually somewhat misleading.
Yes, they’re a guide, but ultimately what’s important is a price. You need to create that price with your model.
Eyeballing vote projections won’t help you figure out a correct price. They can help you to establish a very simple trading policy, but that’s about it.
Brownlow 2022: The importance of price
For example, in a head-to-head market… your projected vote count might have Player A two votes ahead of Player B.
But what does that mean price-wise? What price should each player be?
Who knows?
So a vote projection is not very useful for establishing whether a bet represents value or not.
Our approach is based on probabilities, just like any other pricing model.
That’s the process we go through to come up with what we need: a price.
So our advice here is: put aside the vote projections and predictors for a moment. Knowing exactly how many votes a player will get isn’t the big question.
We’re betting here, so what’s important is the price, and whether that price offers value.
<< Part 1: Why the Brownlow is different to other sports betting
<< Part 2: The #1 rule for betting Brownlow group markets
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