Moneyline help ... Can someone help to clear up this question please ?

[LBJ]

Forgive me for asking a question that might have been asked many times before but I was unable to see an explanation as I scrolled through the forum. I am trying to understand my moneyline and make sure it is being calculated properly. I have been setup on a -107 pricing, which applies to all game spreads, totals, moneylines, etc. which is across the board for all sports. When I look at the lines I have available, for instance, I see the totals for all NFL games which are setup as -107 over and under. Then I look at the moneyline for a particular game and I see the spread as +/-3 with respective moneylines attached at +103 and -117 . On the same game the straight moneyline is +148 and -162.

The question I have is ... Do those lines match up with a -107 style pricing ? Am I wrong to think that the moneyline should be in line with the same -107 ?

[LT Profits]

Forgive me for asking a question that might have been asked many times before but I was unable to see an explanation as I scrolled through the forum. I am trying to understand my moneyline and make sure it is being calculated properly. I have been setup on a -107 pricing, which applies to all game spreads, totals, moneylines, etc. which is across the board for all sports. When I look at the lines I have available, for instance, I see the totals for all NFL games which are setup as -107 over and under. Then I look at the moneyline for a particular game and I see the spread as +/-3 with respective moneylines attached at +103 and -117 . On the same game the straight moneyline is +148 and -162.

The question I have is ... Do those lines match up with a -107 style pricing ? Am I wrong to think that the moneyline should be in line with the same -107 ?

Those lines are perfect, notice the 14-cent difference between favorite and underdog prices, which is a -107/-107 lineset. The +/- spread will get bigger as the moneylines get bigger, but that is besides the point.

[indio]

Forgive me for asking a question that might have been asked many times before but I was unable to see an explanation as I scrolled through the forum. I am trying to understand my moneyline and make sure it is being calculated properly. I have been setup on a -107 pricing, which applies to all game spreads, totals, moneylines, etc. which is across the board for all sports. When I look at the lines I have available, for instance, I see the totals for all NFL games which are setup as -107 over and under. Then I look at the moneyline for a particular game and I see the spread as +/-3 with respective moneylines attached at +103 and -117 . On the same game the straight moneyline is +148 and -162.

The question I have is ... Do those lines match up with a -107 style pricing ? Am I wrong to think that the moneyline should be in line with the same -107 ?

The hold on the ML you quoted (+148/-162) is 2.1%, which is like -104 pricing, which is better than the 3.8% hold on -107 pricing. As far as what they should be, that's between you and your book.

[LBJ]

Thank you for the response ! I have been trying to understand how to figure out the true amount based solely on the line as I had changes made recently. So I can understand what you are saying, the difference of 14 cents is 7 cents both ways? I do notice that on other games these numbers do change and the 14 cent number can be 17 or 20 in some cases. Is it unreasonable to ask for the same on all games? Why does this number change at all

[LBJ]

Thank you for your reply ... Would you mind showing me the math equation you are using to get to that figure?

[LT Profits]

Thank you for the response ! I have been trying to understand how to figure out the true amount based solely on the line as I had changes made recently. So I can understand what you are saying, the difference of 14 cents is 7 cents both ways? I do notice that on other games these numbers do change and the 14 cent number can be 17 or 20 in some cases. Is it unreasonable to ask for the same on all games? Why does this number change at all

Right, as the money lines get bigger, which is what I was taking about when i said the "+/- spread", I was referring to the difference between the favorite / underdog odds. -107 / -107 is a hold of 3.27%. Reason gap gets bigger is because if it didn't, the hold would shrink too much at higher odds, i.e., if book was to offer say -200 / +186, that would only be 1.61%.

[LT Profits]

Ganchrow had some great threads back in the heyday of the Think Tank, this one should address your questions:

http://www.sportsbookreview.com/forum/handicapper-think-tank/12142-introduction-expectations-theoretical-hold.html

[KVB]

Good thread for bettors. An old winner once told how sportsbetting is a game of numbers and numbers is the game.

I've posted quite a bit about vigorish and other mechanics of bookmaking, something even successful pros get wrong, let alone the rest of the bettors.

Way to step up LT.

[indio]

Thank you for your reply ... Would you mind showing me the math equation you are using to get to that figure?

The math is simple. -162 = 61.83%, +148 = 40.32% (162/262 =61.48%, 100/248 =40.32%). 61.83% + 40.32% = 102.15%

2.15% (amount over 100) / 102.15% = 2.10%

All this means is that if the book can get "balanced" action on this game, he'll keep 2.1% of the handle

In this case, balanced action would be 60.53% bet at -162 and 39.47% bet on the other side at +148
( 61.83/102.15 = 60.53 and 40.32/102.15= 39.47) )

We can use a round number of $10,000 bet as an example.

$6,053 bet at -162 to win $3,736
$3,947 bet at +148 to win $5,842

No matter who wins, the book pays out $9,789 and keeps $211 out of the $10,000 bet, or 2.1%

Of course, rarely does a book ever get exact balanced action, so that is why it's called a theoretical hold percentage.

[KVB]

http://www.sportsbookreview.com/forum/players-talk/2940931-vigorish-what-do-you-pay.html

http://www.sportsbookreview.com/forum/players-talk/3050399-equal-action-right-action-lol-didnt-read.html