calculating no-vig line

[MonkeyF0cker]

Only winners pay vig so your win percentage and odds are going to determine how much overall vig you pay.

LOL.

[Inkwell77]

Interesting thread!

[BALISTIK]

-270 = 270/370 = 72.97%
+243 = 100/343 = 29.15%

Overround = 72.97 + 29.15 = 102.12%

SO....
72.97/102.12 = 71.45% = -250.3
29.15/102.12 = 28.55% = +250.3

No Vig = +/-250.3

Can someone explain how or why this is written like this? Why 100/343?

[yak merchant]

Can someone explain how or why this is written like this? Why 100/343?

If favorite formula is (X)/(x-100) i.e. (-270)/(-270-100) = -270/-370 = 72.97

If underdog formula is (100/)(x+100) i.e (100)/(243+100) = 100/343 = 29.15

[NSN21]

Can someone explain how or why this is written like this? Why 100/343?

You always divide risk by payout. So, in that example, +243 means if you risk $100, the total payout on a win is $343 (Your $100 back plus $243 profit). 100/343 = 29.15%. Same thing with the one right above it. Risk 270, win 100, so total payout is 370. 270/370 = 72.97. Hope that helps.

[BALISTIK]

Thanks guys.