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06-30-2008, 07:37 AM
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#1 (permalink) |
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SBR Sharp
Join Date: 12-23-05
Location: Virginia
Posts: 412
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Calculating Book Advantage on Moneylines
Checking my math with the brainiacs here. On the line
XYZ -220 ABC +200 the house advantage equals: XYZ -220 = 5/11; converted to percentage as 11(100)/5+11 = 68.75% ABC +200 = 2/1; converted to a percentage as 1(100)/2+1 = 33.33% 33.33% + 68.75% = 102.08% meaning the book has a 2.08% overround built into this line. Have I got this right?
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Peace, Bull Last edited by Bullajami : 06-30-2008 at 07:41 AM. |
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06-30-2008, 08:35 AM
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#2 (permalink) |
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Moderator
Join Date: 08-28-05
Location: Forest Hills, NY, Home of the Blitzkrieg Bop
Posts: 4,746
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Well technically the overround would be 102.08% and the theoretical hold (i.e., the "juice") would be 1-1/102.08% ≈ 2.041%.
See An introduction to expectations and theoretical hold.
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