This is a question for anyone who is familiar with the way sports books frame their markets.
Say a book's over-round (vig, juice) is 5%
Do all books apply this evenly to all options in a market?
For instance;
True chances for Team A = 0.5
"""""""""""""""""" Team B = 0.5
Odds would normally be 1.904 each of 2. Or 52.5% each (apologies for the decimal odds).
So what if the book applies 2% juice to one side, and 8% to the other?
Odds become 1.96 Team A (51%)
""""""""""""""" 1.85 Team B (54%)
The perception to the punter is that Team B is the favourite, but in reality both teams are equal according to the handicapper.
The reason I ask this is for when the market is more favoured to one side.
Say the odds on a Tennis Match are 1.10/6.50.
This is a 6% juice market, but can I be confident that the 6% is applied to each side?
Any oddsmakers out there?
Say a book's over-round (vig, juice) is 5%
Do all books apply this evenly to all options in a market?
For instance;
True chances for Team A = 0.5
"""""""""""""""""" Team B = 0.5
Odds would normally be 1.904 each of 2. Or 52.5% each (apologies for the decimal odds).
So what if the book applies 2% juice to one side, and 8% to the other?
Odds become 1.96 Team A (51%)
""""""""""""""" 1.85 Team B (54%)
The perception to the punter is that Team B is the favourite, but in reality both teams are equal according to the handicapper.
The reason I ask this is for when the market is more favoured to one side.
Say the odds on a Tennis Match are 1.10/6.50.
This is a 6% juice market, but can I be confident that the 6% is applied to each side?
Any oddsmakers out there?