Is it possible to have an ongoing one - ie we pick the GF winner - now. Then either stand or fall as the finals go on. Odds would increase as it goes on - and would reflect the positions - eg 1st maybe 2/1 - 8th maybe 40/1.
If 8th made the GF it could be on 250/1 ?
Yes and no.
The closest agency quotes I could find for that type of wager are called “Stage Of Elimination” odds. Today, they stand at:
Sydney Roosters
Win Premiership 4.00
Lose Grand Final 3.85
Preliminary Final - Week 3 2.35
Semi Final - Week 2 5.50
South Sydney Rabbitohs
Win Premiership 3.50
Lose Grand Final 3.50
Preliminary Final - Week 3 2.75
Semi Final - Week 2 5.50
Melbourne Storm
Win Premiership 4.00
Lose Grand Final 3.80
Preliminary Final - Week 3 2.50
Semi Final - Week 2 5.00
Canterbury Bulldogs
Win Premiership 21.00
Lose Grand Final 17.00
Preliminary Final - Week 3 7.00
Semi Final - Week 2 2.10
Elimination Final - Week 1 2.52
Cronulla Sharks
Win Premiership 29.00
Lose Grand Final 26.00
Preliminary Final - Week 3 5.50
Semi Final - Week 2 2.45
Elimination Final - Week 1 2.18
North Queensland Cowboys
Win Premiership 29.00
Lose Grand Final 26.00
Preliminary Final - Week 3 8.00
Semi Final - Week 2 2.90
Elimination Final - Week 1 1.72
Newcastle Knights
Win Premiership 51.00
Lose Grand Final 41.00
Preliminary Final - Week 3 17.00
Semi Final - Week 2 2.65
Elimination Final - Week 1 1.55
The events are settled as each team is eliminated.
But once you place your wager on a given outcome for an event, the Sports Book does not permit the odds for that wager to be changed. This is a security feature.
If agency quoted odds should change, then the Sports Book can issue new odds which will apply to new incoming wagers, not wagers already placed which continue at the previous odds.
Hopefully that explanation makes sense. I'll try setting these up now and we'll see how much interested is generated.