Thursday 25 January 2018

Betting on chess

While poking around the internet I came across the latest betting market on a couple of chess events. It seems you can odds on individual games at Gibraltar and Tata Steel, as well as odds on the tournament winner. You can even bet on a player not winning the event, with Carlsen having the shortest odds to win, and the best payout not to.
The current market for the upcoming Candidates Tournament has Aronian the favourite (at 5/1), with Caruana and Mamedyarov close behind at 11/2. Grishuck and Ding are the outsiders here at 13's. I'm not sure who is setting the odds btw but they've given the house about a 20% edge.

(Note: I am not naming the betting site, or endorsing betting on chess as this has both caused difficulties in the past within the chess world, and that  an organisation I have worked for in the past has oversight in this area)

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