1. #1
    nprophet
    nprophet's Avatar Become A Pro!
    Join Date: 08-24-11
    Posts: 1

    Math behind Matchbook.com Market Maker

    Hey everyone, I've been stumped on this math problem for quite some time now. I've got a similar betting exchange set up for private purposes and I can't get the math right for the market maker functionality.

    I need to figure out how the odds are generated based on the vig and a base value for one of the odds.

    If anyone could help with that I would really appreciate it.

    Thanks

  2. #2
    byronbb
    byronbb's Avatar Become A Pro!
    Join Date: 11-13-08
    Posts: 3,067
    Betpoints: 2284

    covert the no vig to % and multiply by 1.x where x is the % of juice you want to add.

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