Originally Posted by
picoman
suppose you're a conservative book, which means that you want to have equal action on both side of the game to minimize risk. how would you balance the book when people bet a parlay?
suppose the 2 team parlay odds for two -110 events is +260
two events
event 1:
team a -110
team b -110
event 2:
team c -110
team d -110
someone just bet 10k on a parlay: team a & team c to win 26k
Question is, how much action on team b and team d you want to attract by moving the lines?
this is what i have in mind. 2 team parlay has 25% chance of winning. so there is 25% chance you have to payout 26k. so you only want 6.5k worth of action on team b and team d to balance out the risk. which comes to that you want to attract 3.25k action on team and team d each.
does this seem right?