1. #1
    Broxbomber
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    MMA Math (no not that kind)

    Help me understand the math for this type of scenario comparing props and money lines.

    Zabit vs Davis UFC 228 (odds off of memory from Bet365):

    1. Zabit Moneyline @ -1400.
    2. Zabit ITD @ -163
    3. Zabit by Decision @ +163

    For Zabit moneyline you bet $1,400 and win $100.

    Why not bet Zabit ITD $700 wins $430 and Zabit by Decision $700 wins $1,137. You are still risking $1400 but have a chance to win $430 at a minimum with an upside of $1137 as opposed to only winning $100 on moneyline.

    What is the math to figure out how much to bet on ITD and By Decision in comparison to the Moneyline?

    Hope this makes sense. I see this sort of thing in boxing all the time as well and the numbers don’t add up to bet on moneyline.

  2. #2
    Hugo de Naranja
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    Quote Originally Posted by Broxbomber View Post
    Help me understand the math for this type of scenario comparing props and money lines.

    Zabit vs Davis UFC 228 (odds off of memory from Bet365):

    1. Zabit Moneyline @ -1400.
    2. Zabit ITD @ -163
    3. Zabit by Decision @ +163

    For Zabit moneyline you bet $1,400 and win $100.

    Why not bet Zabit ITD $700 wins $430 and Zabit by Decision $700 wins $1,137. You are still risking $1400 but have a chance to win $430 at a minimum with an upside of $1137 as opposed to only winning $100 on moneyline.

    What is the math to figure out how much to bet on ITD and By Decision in comparison to the Moneyline?

    Hope this makes sense. I see this sort of thing in boxing all the time as well and the numbers don’t add up to bet on moneyline.
    Because you are not actually winning $430 when Zabit ITD hits. If you bet $700 each on the above bets with the above odds you lose $270 when Zabit ITD hits since you are losing your $700 stake on Zabit Decision. Similarly, when you hit Zabit Decision, you profit $437 from your initial $1,137 profit minus your $700 stake on Zabit ITD. Hope this makes sense.

  3. #3
    Wohlford
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    Those numbers add up quite well. You can see the odds history here so you don't have to rely on memory. https://www.bestfightodds.com/events...y-vs-till-1530

    If you take the 5Dimes closing odds and de-juice them, they imply the following probabilities of each outcome:

    Zabit Wins (-1375/+900) = ~90.5%
    Zabit ITD (-145/+115) = ~56%
    Zabit Dec (+165/-205) = ~35.5%

    56% + 35.5% = 91.5% ≈ 90.5%

    This is what you would expect.

    Beyond that, your math is way off. There is no scenario where you have an upside of $1,137 since if Zabit wins by decision he does not win ITD, so you'd lose the ITD bet, so your upside is only $437. Similarly, if Zabit did win ITD, you'd lose the decision bet, so you would not be up $430; you'd be down -$270. Of course, if Davis won, you'd still be down $1,400 either way.
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  4. #4
    Broxbomber
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    Quote Originally Posted by Hugo de Naranja View Post
    Because you are not actually winning $430 when Zabit ITD hits. If you bet $700 each on the above bets with the above odds you lose $270 when Zabit ITD hits since you are losing your $700 stake on Zabit Decision. Similarly, when you hit Zabit Decision, you profit $437 from your initial $1,137 profit minus your $700 stake on Zabit ITD. Hope this makes sense.
    Ok I get what you are saying. I wasn’t putting in the loss of the other side of the bet into the equation.

    It just feels like there is a math angle that should show value vs the moneyline.

  5. #5
    Broxbomber
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    Quote Originally Posted by Wohlford View Post
    Those numbers add up quite well. You can see the odds history here so you don't have to rely on memory. https://www.bestfightodds.com/events...y-vs-till-1530

    If you take the 5Dimes closing odds and de-juice them, they imply the following probabilities of each outcome:

    Zabit Wins (-1375/+900) = ~90.5%
    Zabit ITD (-145/+115) = ~56%
    Zabit Dec (+165/-205) = ~35.5%

    56% + 35.5% = 91.5% ≈ 90.5%

    This is what you would expect.

    Beyond that, your math is way off. There is no scenario where you have an upside of $1,137 since if Zabit wins by decision he does not win ITD, so you'd lose the ITD bet, so your upside is only $437. Similarly, if Zabit did win ITD, you'd lose the decision bet, so you would not be up $430; you'd be down -$270. Of course, if Davis won, you'd still be down $1,400 either way.
    This example is clear to me thanks. Usually I am pretty good with math.

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