Wednesday, October 30, 2013

The WC money game

According to Pinnacle Sports, Carlsen is the clear favorite, especially when it comes to betting.

The odds for the World Chess Championship at Pinnacle Sports have 22-year-old Carlsen as the 1.282* favourite to end the eight-year reign of Anand, who is a 3.740* underdog in his own back yard.

What this means for those unfamiliar with betting is that the market thinks Carlsen has approximately a 75% chance of winning, so if the tournament were played 100 times Carlsen would win 75, while the odds give Anand – 21 years Carlsen’s senior – just a 25% chance of retaining his title.

In betting terms Carlsen is a very strong favourite. Should you bet £100 on the Norwegian winning the best of 12 series you would make just £28 profit, while the equivalent bet on Anand would return £274 profit. So what makes Carlsen such a sure thing?

Source: http://www.pinnaclesports.com

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