Is the puckline in hockey and the runline in baseball always a sucker bet?

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  • VegasDave
    SBR Hall of Famer
    • 01-03-07
    • 8056

    #1
    Is the puckline in hockey and the runline in baseball always a sucker bet?
    Would like to see some actual math and reason behind this instead of just personal opinions.

    If I'm not mistaken, any time you see a wager that is paying better than what you have deduced the actual likelihood of that event happening to be, it is a +EV bet, assuming your deduction is correct.

    Isn't this true of runlines and pucklines as well?
  • smitch124
    SBR Posting Legend
    • 05-19-08
    • 12566

    #2
    Nothing can possibly always be a sucker bet. It has to depend on the price one gets.

    What if baseball team A is -144 on the ML and the RL is +200? +250? +300?

    At some point it becomes a good bet. As always, it depends on the price you get.
    Comment
    • Pancho sanza
      SBR Sharp
      • 10-18-07
      • 386

      #3
      Originally posted by VegasDave
      Would like to see some actual math and reason behind this instead of just personal opinions.

      If I'm not mistaken, any time you see a wager that is paying better than what you have deduced the actual likelihood of that event happening to be, it is a +EV bet, assuming your deduction is correct.

      Isn't this true of runlines and pucklines as well?
      You need to calculate the win probabilities of a side by > 1 run, given the ML and total.

      From there you can price the run lines/puck lines to see if theres value.
      Comment
      • VegasDave
        SBR Hall of Famer
        • 01-03-07
        • 8056

        #4
        Originally posted by Pancho sanza
        You need to calculate the win probabilities of a side by > 1 run, given the ML and total.

        From there you can price the run lines/puck lines to see if theres value.
        How would you go about doing that?

        Can see this working a lot better in baseball as over-unders vary in the 7 to 10 range. Hockey though is almost always 5.5, even though one side is usually more expensive than the other.
        Comment
        • Pancho sanza
          SBR Sharp
          • 10-18-07
          • 386

          #5
          Originally posted by VegasDave
          How would you go about doing that?

          Can see this working a lot better in baseball as over-unders vary in the 7 to 10 range. Hockey though is almost always 5.5, even though one side is usually more expensive than the other.
          You need a large database of games, assuming your'e going to analyze actual game results as opposed to modelling them.

          From there, organize the data by moneyline/total, and calculate win % by greater than 1 at each level, ie assume -250 home favs with a total of 7.5 win by > 1 run 51.6 % if the time, a fairly priced runline(assuming a 10 cent line) would be:

          Road +1.5 +102
          Home -1.5 -112
          Comment
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