I just discovered something very interesting (and potentially long-term exploitable) about -1RLs: "roll your own" vs. "pre-packaged"
I just discovered at Pinny that the book charges you a "tax/surcharge/premium", call it what you will, for providing the convenience of a -1RL. I would not be surprised at all if most others do the same. So next time you have the opportunity to directly hit a -1RL...i suggest investigating the "roll your own option" with the same book first.
Last night for the NYY-1, ML was -168 and RL was +121...so to win 100, doing it yourself involves
*ML..................-76.02/+45.25
*RL-1.5.............-45.25/+54.75
Total.................-121.27/+100
meaning the -1RL has odds of -121.27
Here's the kicker...if you hit -1RL from the pull down menu it clearly shows -123 for the "pre-packaged" equivalent bet.
The 1-2 cents charge here is not insignificant over a season. From now on, when it comes to -1RL bets, I'll no longer just take the "convenient" ones, just cuz they're there...at least not until i've taken a few secs to calculate and compare the odds on the synthetic vs. the available -1RL line.
_______________________
I originally posted the above in one of the baseball-handicapping forums, but thot' it might be more generally useful here...
I'd like to get further feedback of how widespread (and how expensive is the convenience) at other books.
________________________
Serious drivers prefer standard transmission...i suspect that serious bettors, once wised-up will prefer to "roll their own" -1RLs (or at least consider the hidden cost of the pre-packaged versions we've become accustomed to using).
I just discovered at Pinny that the book charges you a "tax/surcharge/premium", call it what you will, for providing the convenience of a -1RL. I would not be surprised at all if most others do the same. So next time you have the opportunity to directly hit a -1RL...i suggest investigating the "roll your own option" with the same book first.
Last night for the NYY-1, ML was -168 and RL was +121...so to win 100, doing it yourself involves
*ML..................-76.02/+45.25
*RL-1.5.............-45.25/+54.75
Total.................-121.27/+100
meaning the -1RL has odds of -121.27
Here's the kicker...if you hit -1RL from the pull down menu it clearly shows -123 for the "pre-packaged" equivalent bet.
The 1-2 cents charge here is not insignificant over a season. From now on, when it comes to -1RL bets, I'll no longer just take the "convenient" ones, just cuz they're there...at least not until i've taken a few secs to calculate and compare the odds on the synthetic vs. the available -1RL line.
_______________________
I originally posted the above in one of the baseball-handicapping forums, but thot' it might be more generally useful here...
I'd like to get further feedback of how widespread (and how expensive is the convenience) at other books.
________________________
Serious drivers prefer standard transmission...i suspect that serious bettors, once wised-up will prefer to "roll their own" -1RLs (or at least consider the hidden cost of the pre-packaged versions we've become accustomed to using).