Or is it just included in the odds?
what i mean exactly is
ex: if i put $50 on Celtics -142, will i lose say $55 assuming its -110 juice?
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-142 is not the juice, it's the price or simply the odds.
See http://forum.sbrforum.com/players-ta...ical-hold.html.
SBR Founder Join Date: 8/28/2005
SBR Founder Join Date: 8/28/2005
The vig on the above ML would be about 2.05% meaning that for every $100 you bet you'd expect to loss about $2.05 (assuming an unbiased market).
This would be true whether or not you bet $415 to win $100 on the Celtics (expected loss ≈ 2.05% * $415 ≈ $8.49) or $100 to win $365 on the Cavs (expected loss ≈ 2.05% * $100 ≈ $2.05).
SBR Founder Join Date: 8/28/2005
SBR Founder Join Date: 8/28/2005
This is true for a market at -110/-110 only because you're bisecting even odds. However, it is not true in any other case.
See http://forum.sbrforum.com/players-ta...ical-hold.html.
SBR Founder Join Date: 8/28/2005