1. 08-17-09 02:43 PM #1
    Tomato
    Tomato's Avatar Become A Pro!
    Join Date: 01-29-09
    Posts: 1,251
    Betpoints: 618

    Best way to structure bets?

    Tomato is wondering what the best way to bet this would be.

    Arizona -1.5 +272
    Atlanta -1.5 +139

    Would you bet both sides to win 1 unit, just letting the percentages play themselves

    ... or is there some middle ground?
    Reply With Quote Reply With Quote
  2. 08-17-09 02:59 PM #2
    durito
    escarabajo negro
    durito's Avatar Become A Pro!
    Join Date: 07-03-06
    Posts: 13,173
    Betpoints: 438

    what exactly are you trying to do? both of those bets are -ev
    Reply With Quote Reply With Quote
  3. 08-17-09 03:26 PM #3
    Leverage
    HURR DERP DEEP DURP
    Leverage's Avatar Become A Pro!
    Join Date: 07-30-09
    Posts: 253
    Betpoints: 0

    Leverage doesn't understand...
    Reply With Quote Reply With Quote
  4. 08-17-09 03:30 PM #4
    u21c3f6
    u21c3f6's Avatar Become A Pro!
    Join Date: 01-17-09
    Posts: 790
    Betpoints: 5198

    If you have determined that playing both is +ev in the long run, I would adjust my wagers so that each side provided the same profit.
    ie. .86 unit on +272 and 1.34 unit on +139 produces a 1 unit win regardless of which wager wins. Of course you lose 2.2 units if neither wager wins.

    Joe.
    Reply With Quote Reply With Quote
  5. 08-17-09 03:37 PM #5
    RickySteve
    SBR is a criminal organization
    RickySteve's Avatar Become A Pro!
    Join Date: 01-31-06
    Posts: 3,415
    Betpoints: 187

    George likes spicy chicken.
    Reply With Quote Reply With Quote
  6. 08-17-09 03:39 PM #6
    LT Profits
    LT Profits's Avatar Become A Pro!
    Join Date: 10-27-06
    Posts: 90,963
    Betpoints: 5179

    LT avoids Polish middles.
    Reply With Quote Reply With Quote
  7. 08-17-09 03:47 PM #7
    Doc JS
    Doc JS's Avatar Become A Pro!
    Join Date: 09-15-06
    Posts: 6,885
    Betpoints: 12

    Doc JS hasn't been in the think tank lately. Doc JS didn't realize 3rd person was required here...

    Doc JS
    Reply With Quote Reply With Quote
  8. 08-17-09 04:52 PM #8
    Tomato
    Tomato's Avatar Become A Pro!
    Join Date: 01-29-09
    Posts: 1,251
    Betpoints: 618

    Quote Originally Posted by u21c3f6 View Post
    If you have determined that playing both is +ev in the long run, I would adjust my wagers so that each side provided the same profit.
    ie. .86 unit on +272 and 1.34 unit on +139 produces a 1 unit win regardless of which wager wins. Of course you lose 2.2 units if neither wager wins.

    Joe.
    Tomato wants to know how you figured out .86 and 1.34.

    Time for a math pop quiz!

    You must show all work to get full credit

    Pittsburgh -1.5 +216
    Milwaukee -1.5 +143
    Reply With Quote Reply With Quote
  9. 08-17-09 05:40 PM #9
    u21c3f6
    u21c3f6's Avatar Become A Pro!
    Join Date: 01-17-09
    Posts: 790
    Betpoints: 5198

    I have a spreadsheet that I "programmed" to calculate amounts for my hedge wagering.

    1.16 unit @ +216 and 1.51 unit @ +143 for a 1 unit win if cashed.

    Joe.
    Reply With Quote Reply With Quote
  10. 08-17-09 06:01 PM #10
    Tomato
    Tomato's Avatar Become A Pro!
    Join Date: 01-29-09
    Posts: 1,251
    Betpoints: 618

    Quote Originally Posted by u21c3f6 View Post
    I have a spreadsheet that I "programmed" to calculate amounts for my hedge wagering.

    1.16 unit @ +216 and 1.51 unit @ +143 for a 1 unit win if cashed.

    Joe.
    Care to post the spreadsheet formulas?

    Right now you're looking at half credit, which is an F. Get the A!
    Reply With Quote Reply With Quote
  11. 08-17-09 06:52 PM #11
    u21c3f6
    u21c3f6's Avatar Become A Pro!
    Join Date: 01-17-09
    Posts: 790
    Betpoints: 5198

    Quote Originally Posted by Tomato View Post
    Care to post the spreadsheet formulas?

    Right now you're looking at half credit, which is an F. Get the A!
    File attached. You input the odds on the top and bottom row and then adjust the top wager until your net is 1.00.

    I don't use it that way. I use it for live wagering. I have a wager before the game which I input on the top row, odds and wager, and then I enter the odds on the second row to determine how much to wager at those odds if I choose to hedge.

    Joe.
    Attached Files
    Points Awarded:

    JoshW gave u21c3f6 10 SBR Point(s) for this post.

    Tomato gave u21c3f6 10 SBR Point(s) for this post.
    Reply With Quote Reply With Quote
  12. 08-17-09 07:22 PM #12
    Tomato
    Tomato's Avatar Become A Pro!
    Join Date: 01-29-09
    Posts: 1,251
    Betpoints: 618

    Quote Originally Posted by u21c3f6 View Post
    File attached. You input the odds on the top and bottom row and then adjust the top wager until your net is 1.00.

    I don't use it that way. I use it for live wagering. I have a wager before the game which I input on the top row, odds and wager, and then I enter the odds on the second row to determine how much to wager at those odds if I choose to hedge.

    Joe.
    You are awesome. If Tomato had betpoints, he would give them to you.

    Instead you get this:



    A+
    Last edited by SBR Jonelyn; 04-16-15 at 02:24 PM. Reason: image does not exist
    Reply With Quote Reply With Quote
  13. 08-18-09 02:43 AM #13
    xyz
    xyz's Avatar Become A Pro!
    Join Date: 02-14-08
    Posts: 521
    Betpoints: 3251

    Or you can use the arbitrage calculator developed by Ganchrow. Available on sbrforum.com under tools.
    Reply With Quote Reply With Quote
Top
« Previous Thread | Handicapper Think Tank | Next Thread »