1. 03-22-12 08:33 PM #36
    MonkeyF0cker
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    Quote Originally Posted by wantitall4moi View Post
    Only winners pay vig so your win percentage and odds are going to determine how much overall vig you pay.
    LOL.
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  2. 07-17-12 12:15 AM #37
    Inkwell77
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    Interesting thread!
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  3. 07-17-12 09:04 AM #38
    BALISTIK
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    Quote Originally Posted by LT Profits View Post
    -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?
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  4. 07-17-12 09:34 AM #39
    yak merchant
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    Quote Originally Posted by BALISTIK View Post
    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
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  5. 07-17-12 09:34 AM #40
    NSN21
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    Quote Originally Posted by BALISTIK View Post
    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.
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  6. 07-17-12 10:46 AM #41
    BALISTIK
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    Thanks guys.
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