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How do you calculate this?
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905prodigy
SBR High Roller
Join Date:
11-08-09
Posts:
247
#1
How do you calculate this?
08-18-10, 05:46 PM
If I have Team A to win by exactly 1 +650
Team B to win by exactly 1 +250
what
odds
am I getting if I bet on both sides?
mathdotcom
SBR Posting Legend
Join Date:
03-24-08
Posts:
11689
#2
08-18-10, 06:06 PM
Let x be the amount you risk on Team A (to win by exactly 1)
Let y be the amount you risk on Team B (to win by exactly 1)
If Team A bet hits, you make 6.50x - y
If Team B bet hits, you make 2.50y - x
You want it so that your win amount is the same if one of your two bets hits. This means you require
6.50x - y = 2.50y - x
This means x = (3.5/7.5)y
To convert this into odds, find out how much you have to risk to win $100. This means
6.50x - y = 100 = 2.50y - x
Using x = (3.5/7.5)y, you can solve the above equations to find:
x=22.95
y=49.18
This means you have to risk $(22.95+49.18) to win $100. This works out to be about +138/+139.
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acarmelo1
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Join Date:
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#3
08-18-10, 08:01 PM
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rfr3sh
SBR Posting Legend
Join Date:
11-07-09
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#4
08-18-10, 09:17 PM
thanks mathy I posted that question while I was at a friends just looking over stuff
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mathdotcom
SBR Posting Legend
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03-24-08
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#5
08-18-10, 09:52 PM
rf43sh, going through a tough time lately
can we meet up this weekend and see if we can hammer out a loan?
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rfr3sh
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11-07-09
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#6
08-18-10, 10:47 PM
Originally posted by
mathdotcom
rf43sh, going through a tough time lately can we meet up this weekend and see if we can hammer out a loan?
mathy guy im going to cuba friday so let me kno before friday
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