F1 champ odds in 2012 - who will win?

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Who will become WDC in 2012

Vettel
38
32%
Hamilton
23
19%
Alonso
23
19%
Button
11
9%
Webber
3
3%
Massa
1
1%
Rosberg
4
3%
Schumacher
10
8%
Räikkönen
6
5%
Grossjean
1
1%
 
Total votes: 120

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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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Update after the first race:

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Drivers Championship table is opened. Button is taking the lead, which wasn't expected.

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WCC table and Merc have no score yet.

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The data table, the Pie Chart snap shots and the match odds. At McLaren Button takes the lead over Hamilton in the match odds.

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The historic 2012 WDC odds chart sees Vettel taking P1 on the strength of his AUS drive, the Red Bull race pace and the Red Bull team order policy. Alonso takes back P4 which may change at the next race. At the moment the Ferrari, Lotus and Merc drivers are in a second class from the three leaders.

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The McLaren is still the class of the field with the Red Bull running close. Down from these two top teams there will be a fierce battle for P3 it appears. Ferrari are only rated P4 at the moment. Although Merc did not score points in AUS they are seen as a stronger force over the year.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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raymondu999
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Joined: 04 Feb 2010, 07:31

Re: F1 champ odds in 2012 - who will win?

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WB - I was wondering. What if you normalized the odds against the points? I'd be very interested in seeing the results of that. In a way, a sort of "expectations index." For example in your latest update Vettel is P1 in the odds but he's P2 in the standings - in a way that shows people are "expecting" something from Vettel - be it due to circumstances or whatever. Then we see for example that Webber has far lower odds than his standings suggest - almost like they're expecting him to "drop down" from his current standings and not be able to carry that across.

I hope I've made what I'm saying clear.
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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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We discussed something similar before and I never found a good way to do it. I used to do an adjustment where I normalized the driver odds by the factors between the constructor odds but it wasn't very conclusive. So I'm a bit wary of anything that employs computation. In this presentation I'm simply recording things and show them graphically.

One thing that will always screw up the proposed chart is team orders. Webber's odds are seriously affected by "Mark mind the gap" in Silverstone last year. If Red Bull found it necessary in that situation to call team orders they will probably do it in Monaco this year if they are in a pinch with McLaren.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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raymondu999
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Re: F1 champ odds in 2012 - who will win?

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Why not just multiplying the straight odds to the driver's points? ie say Jenson is going at 6/4 payout now - multiply 6/4 to 25.
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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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raymondu999 wrote:Why not just multiplying the straight odds to the driver's points? ie say Jenson is going at 6/4 payout now - multiply 6/4 to 25.
It is not relevant whether you use fractional or decimal odds. My concerns are the same.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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Here are the championship points and odds after the second race. I was busy with other things so the odds are from today Thursday after the race.

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Alonso takes the lead in the WDC table. Perez, Räikkönen and Senna are all doing well due to their good jobs in Malaysia.

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McLaren and Red Bull still lead the WCC. Ferrari have caught up with third place. Mercedes could not convert quali pace into points.

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The data table with the match odds pies is interesting. Despite leading Vettel in the points Webber is still not considered anywhere near Vettel. The Ferrari could as well have only one driver. Schumacher has the upper hand over Rosberg as has Räikkönen over Grosjean at Lotus in the odds.

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Vettel has now fallen back to P3 but basically on the same level as Hamilton and Button. Every race can change the order between those three. Alonso has closed his gap considerably and kept his championship hopes alive despite his weak F2012. Webber and Räikkönen have done very well to come up to P5 and P6 respectively. But Räikkönen is in danger to loose the touch with the leaders. The Merc boys look like they are out of the game already.

Image

The WCC odds look like a McLaren vs Red Bull year again. Ferrari and the others are far behind atm.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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There is a typo in the data base which will corrected after the next race. The last date wasn't 29.04. It was 29.03.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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Here are the updates on the point tables and odds history

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Both Hamilton and Button have overtaken Alonso. Rosberg made a big jump to P6.

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The constructor points look more like something that is developing into an order. Merc and Lotus have still scored below value IMO. That means in the actual standing Ferrari and Sauber are probably over rated.

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In the match odds for the driver pairings Alonso dominates Massa totally followed by Räikkönen over Grosjean, Vettel over Webber and Rosberg over Schumacher. Hamilton over Button is the most equal driver pairing.

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In the WDC odds the top three drivers are unchanged in the order. Vettel lost ground due to the lack of pace but he is still the Red Bull top driver by a huge margin in the view of the betting money. Alonso, Rosberg and Webber are also in the hunt but they have substantially less support. Rosberg's situation could change very quickly if the Merc is a good as the Chinese result seems to indicate.

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McLaren are still seen as the team to beat followed by Red Bull. This seems to indicate that Red Bull are likely to fix their pace problem shortly. Mercedes has made huge progress and could be a danger to Red Bull if they continue to keep the tyre problem in hand. Ferrari are still nowhere near the pace of the leaders and are loosing ground in the WCC odds.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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PlatinumZealot
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Joined: 12 Jun 2008, 03:45

Re: F1 champ odds in 2012 - who will win?

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Good graphs. I look forward to them every race.
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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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n smikle wrote:Good graphs. I look forward to them every race.
I'll keep it up as long as the title goes to the wire.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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WhiteBlue
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Re: Bahrain GP 2012 - Sakhir

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WhiteBlue wrote:Well done Sebastian!! He is now favourite to win the WDC 2012 again.
Goran2812 wrote:WB, you wish...
Image

He is leading the championship and the odds. So what is wrong about that statement?
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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Morteza
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Re: Bahrain GP 2012 - Sakhir

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WhiteBlue wrote:
WhiteBlue wrote:Well done Sebastian!! He is now favourite to win the WDC 2012 again.
Goran2812 wrote:WB, you wish...
Image

He is leading the championship and the odds. So what is wrong about that statement?
Hats off to you, WB =D>
"A fool thinks himself to be wise, but a wise man knows himself to be a fool."~William Shakespeare

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WhiteBlue
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Re: F1 champ odds in 2012 - who will win?

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Here a quick update on who is winning and the odds

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Vettel takes the lead in the championship and Räikkönen makes mighty progress. Down to him the table looks like all down to him can win the championship.

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Red Bull takes the lead from McLaren in the constructors and Ferrari falls back to P4 being displaced by mighty points scoring Lotus in Bahrain.

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The data table and the match odds show more domination of Hamilton over Button and Vettel over Webber.

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In the WDC odds Vettel takes the lead back from Hamilton and Button. This is the first time that Vettel leads the table and the odds this season. Räikkönen displaces the luckless Schumacher from P7 and that is the only change. Down to Räikkönen all drivers seem to have a decent chance for the drivers crown but the odds are clearly pointing to a race between Vettel and the McLaren drivers.

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The WCC odds still favour McLaren over Red Bull although the bulls have taken the lead in the championship. The betting money is still convinced of the McLaren quality. The betters have given up on Ferrari and now see Lotus on P4 for the championship with Ferrari falling to P5.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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TheRMVR
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Joined: 22 Apr 2010, 16:20

Re: Ferrari F2012

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WhiteBlue wrote:
TheRMVR wrote:So what? I thought this is a technical forum. Betting odds are a result of on-track results, not the other way around. So using them as trying to explain how bad a team is doing is ridiculous. Gamblers are always one step behind and this forum is supposed to be one step ahead.
And there you are mistaken. Internet generated odds are working like a market. Every information and even the smallest bit immediately influences the betting market. Technology is only part of the performance. Betting markets react to expectations of performance and not so much to race results. Race results are only the confirmation.

Ferrari is the perfect example for this. When Alonso won in Malaysia his WDC odds improved a bit but not significantly. The market knew that the car was bad although the result was good. Even today Ferrari has more points than Mercedes but the market knows the car is bad and the odds for Ferrari to win the WCC are 60 where Merc has 27. This is because the market knows the Merc car is better and likely to remain better. You see, it is not a matter of the results but of the detailed performance expectations of which the technical stuff is only a part.

So why are you on this forum then? Why not just look at betting odds all day?

Compare it to the free market. In theory there is something like 'perfect competition', where every consumer knows every price of every good and there are no switching costs or barriers for consumers. Such a place does not exist.
It's the same in betting. By treating the odds as truth, you falsely assume that every betting person knows everything about every team possibly available. Let alone they know every technical aspect of every part of the car. They know all about the facilities of all teams and even the state of mind of the drivers. Its rubbish.

Some gamblers do actually take the technical side into account. But most of them act on gut feeling and previous results. Others use statistics of over 60 years of F1. And then there are the ones who just want to have some fun.
In the end it's not science, it's betting.

Saying 'look the betting odds say Ferrari can't overcome this, so they won't' is ridiculous. I don't mind seeing betting odds before a race on this site to see what other people think. But using them as some sort of all knowing all-encompassing oracle to support an argument of yours is showing weakness in that very argument. Lets keep it technical, and leave the betting to the drunk, broke alchoholic who wishes for a better life and spends his life-savings on bwin.com.

So on a technical note, what does Ferrari stop from improving in Spain?
Last edited by Richard on 23 Apr 2012, 14:38, edited 1 time in total.
Reason: Moved from Scudera Ferrari thread

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WhiteBlue
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Re: Ferrari F2012

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TheRMVR wrote:So why are you on this forum then? Why not just look at betting odds all day?
Arn't we a wee bit condescending here? I use whatever methods of analysis and intelligence suits my current needs best. That can be rule making politics and vested interests, thermodynamic modelling, budget comparison or following the money trail. And for general trend expectations, team mate comparison I use a system where I compare points and odds which I record and observe over the season. It is not my fault that you prefer to only look at technical aspects. Let me do my thing and I leave you alone with yours.
Compare it to the free market. In theory there is something like 'perfect competition', where every consumer knows every price of every good and there are no switching costs or barriers for consumers. Such a place does not exist.
It's the same in betting. By treating the odds as truth, you falsely assume that every betting person knows everything about every team possibly available. Let alone they know every technical aspect of every part of the car. They know all about the facilities of all teams and even the state of mind of the drivers. Its rubbish.
The market theory may not be perfect but it is so far the only economic theory that works. Would you prefer a benevolent dictator who provides like a father for everyone or communism? No the market is the best indicator what the majority of people desire and so are odds if you want to know what a broad base of people expect to happen.
Some gamblers do actually take the technical side into account. But most of them act on gut feeling and previous results. Others use statistics of over 60 years of F1. And then there are the ones who just want to have some fun.
In the end it's not science, it's betting.
Sure that is also a small part. But in general people only risk their money if the expect to make it back.
Saying 'look the betting odds say Ferrari can't overcome this, so they won't' is ridiculous. I don't mind seeing betting odds before a race on this site to see what other people think. But using them as some sort of all knowing all-encompassing oracle to support an argument of yours is showing weakness in that very argument. Lets keep it technical, and leave the betting to the drunk, broke alchoholic who wishes for a better life and spends his life-savings on bwin.com.
You are making up a false argument. This has nothing to do with the points I made.
So on a technical note, what does Ferrari stop from improving in Spain?
Nothing stops Ferrari from improving in Spain. We would be quite dumb to think they were the only team that cannot improve. All teams are expected to improve. The question is how much they may compared to other teams. We may answer that by considering the fields of work they have and their propensity for solving such problems. The majority of the 2012 issues are tricky aerodynamic things like sealing the diffusor using exhaust gases and creating better balance by DDRS. As Pat Fry revealed most of Ferrari's methodology is faulty and needs changing in that particular field. So here public perception and team internal comment would suggest that Ferrari will not turn it around by that time.

Ferrari have a ton of money and they can always look at Sauber and copy that rear end but such a tactic would only enable them to reach what the competition had when they took the data. The competition would have moved on from there by the time the parts are on the car and the setup is optimized. So if your own ideas do not work and do not give you performance or are flawed by wrong methods how can you sucessfully compete? You have to sort out the underlying problems which will not work in three weeks.

I have offered you a bet how that perception would be expressed in betting odds. Perhaps we simply wait and see if my prediction becomes true or not. If I shall be wrong I have no objections for you to point that out.

In the meantime Domenicali made an announcement that sounds like Alonso has earned the right to select his team mate:
Felipe needs to accept, that he is facing a very strong teammate. If not, that hurts him. He needs to assume a clear role rather than trying to take advantage -- you need to learn from Fernando, not challenge him. That (challenging) is the way to being destroyed by a teammate such as Alonso or Schumacher, who are real cannibals. Ferrari has a moral obligation to champion Alonso. He (Alonso) has a central role in the team, and he therefore participates in the important issues.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)