anybody got a formula for converting moneyline to spread and visuh-versa?
For one thing, it seems like it would not be an exact science, because in the moneyline the odds and the price are all mixed up into the same numbers.
That is, for the spread we can see the odds and the price - as theoretically the spread is set at the number where half the public would take each side, and the vig is predetermined and charged to whichever side loses in the end.
While on the other hand -- the moneyline is similarly set to attract similar $$$ on both sides, but in this case the vig is mixed up in the line itself -- is it better to think of it as the vig is being charged equally to everyone? b/c the dog doesn't pay as much as the favorite loses, and this difference is the vig, Or is there a better way to identify the vig hidden in moneylines?
Also, anybody want to explain how to solve for the win rate needed to break even at a given price? e.g. 52.379????% win rate @ -110 is breakeven -- what is the formula to solve for this?
And finally -- how would you calculate breakeven for moneylines -- so for example a money line of +140/-180, how would you calculate the win percentage needed on each side of this bet to reach breakeven.
I know I asked too many questions in the same post, but if anybody feels like discussing -- then please do, thanks in advance if anybody cares to weigh in.