Math behind Matchbook.com Market Maker

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  • nprophet
    SBR Rookie
    • 08-24-11
    • 1

    #1
    Math behind Matchbook.com Market Maker
    Hey everyone, I've been stumped on this math problem for quite some time now. I've got a similar betting exchange set up for private purposes and I can't get the math right for the market maker functionality.

    I need to figure out how the odds are generated based on the vig and a base value for one of the odds.

    If anyone could help with that I would really appreciate it.

    Thanks
  • byronbb
    SBR MVP
    • 11-13-08
    • 3067

    #2
    covert the no vig to % and multiply by 1.x where x is the % of juice you want to add.
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