Originally Posted by
Bsims
The formula for the return that you receive on a wager is simple, Return = Probability * Odds. Undoubtedly, we all spend much time and effort assessing the probability estimates and picking the side we want. However, equally important in the equation is the odds. Maximizing the return requires picking the best odds available. This requires having multiple sports books to choose from. We likely have an account with more than one sports book. What process do you go through to make the best wager?
In my case, I log on to each account, navigate to the proper sport, identify the wager I want, and note the odds. I compare the odds, select the best, and return to make the wager. Hopefully, the odds haven’t changed by the time I complete this process. This is a time consuming and potentially error ridden process. Do you have any better approach?
Sometimes the odds have changed by the time you actually try to make the wager. How does this impact your decision (in the two cases of odds moving in your favor or against you)?
Having multiple books requires splitting your funds between them. As your balance goes up and down in each account you need to move funds. How often do you find yourself doing this?
And finally, how many sports books do you actively use?