Posted by FlashyG
I think the cause for that difference is that peoples picks don't dictate the odds, their bets do.
So just because 59% picked Henderson to win doesn't mean they've bet on him. From the look of things slightly more money has been wagered on Franklin even if the betters didn't pick him to win in their selections.
I really like the wagering system here, no sense changing a good thing
No you're wrong here... I've read on here that they're determined by what people on the site are picking, among other things (none of which saying that their bets dictate the odds). There have been NUMEROUS threads on this topic over the last 3 seasons or so. I've pulled a number of old threads up and copied direct quotes from Mods/Admin. about how the betting lines are figured out:
"The odds update themselves every 24 hours or so as far as I know, depending on what the picks are, so a good number of people swayed the odds when they got their e-mails to make picks for the event."
"DotheMMAth said its tricky to get the wager odds updated,the site needs to be down for a while or something, so he hasnt been doing them much, ,its true they should be updated but its a bit late now i think ."
"Yeah, it slows the site way down to update odds because it takes so much into account, and we get a huge rush of people coming into the site to make their picks at the last minute, which is why the odds shifted like that. It was enough to make Ken-flo vs. Lauzon the hot bout."
"The algorithm, also gives more credence to the picks of people that have done well over a longer period of time with their picks, same as the rankings."
"Taken from the site About/Info section: "Fighter odds are based on an algorithm which factors in a variety of criteria from our users via the pick 'em game, fighter rankings, and more.'"
I found more...but thought this was enough. Believe me, this issue has been brought up a number of times. According to what I've heard from the Mods, the odds are supposed to guided by the MMAplayground members, but there are always screwed up odds on every card (if we're going by what people are picking).
Ultimately, I don't care if it doesn't get fixed. I'd like it either way AND everyone gets the same odds, so it evens out. I would just like to put money on Franklin because he IS the underdog in real life and on this site according to users picks.......but when I go to do so, it has him as the favorite (a -125????) come on...