question about calculating 1.5 points

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • rsigley
    SBR Sharp
    • 02-23-08
    • 304

    #1
    question about calculating 1.5 points
    hi,

    if i have a MLB total that is 9 and lets say +100 on each side for simplicity and push of 9 is 10%

    o8.5 = push % of 9 + percentage of over 9 = 55%
    o9.5 = percentage of over 9 = 45%

    now i have the push percentage for 8 when the total is 9 and lets call that 5%

    how would I calculate over 8? the half point calculator gives 57.89% for this case, but I don't know how to arrive at that.

    i've been using the half point calculator for a while now, but i'd wanted to incorporate it into my database so it calculates automatically, but i can't seem to figure out how to calculate the over 8.

    thanks!!
  • Ganchrow
    SBR Hall of Famer
    • 08-28-05
    • 5011

    #2
    Originally posted by rsigley
    i have a MLB total that is 9 and lets say +100 on each side for simplicity and push of 9 is 10%

    o8.5 = push % of 9 + percentage of over 9 = 55%
    o9.5 = percentage of over 9 = 45%

    now i have the push percentage for 8 when the total is 9 and lets call that 5%

    how would I calculate over 8?
    (Note that in the following Prob(over X) and Prob(under X) refer to the respective probabilities of winning an over or under X bet, "conditioned" on the bet not pushing.)

    For all integer spreads, S:
    Prob(over S) = Prob(over S+½)/(1-Prob(exactly S))
    Prob(over S+½) = Prob(over S)*(1-Prob(exactly S))

    and similarly,
    Prob(under S) = Prob(under S-½)/(1-Prob(exactly S))
    Prob(under S-½) = Prob(under S)*(1-Prob(exactly S))

    So, given:
    P(over 9) = P(under 9) = 50%
    P(exactly 9) = 10%
    p(exactly 8) = 5%

    We have:
    Prob(over 9½)
    = Prob(over 9)*(1-Prob(exactly 9))
    = 50% * 90%
    P(over 9½) = 45%

    Prob(over 8½)
    = 1 - Prob(under 8½)
    = 1 - Prob(under 9)*(1-Prob(exactly 9))
    = 1 - 50% * 90%
    P(over 8½) = 55%

    Prob(over 8)
    = Prob(over 8½)/(1-Prob(exactly 8))
    = 55% / 95%
    Prob(over 8) ≈ 57.895%
    Comment
    • rsigley
      SBR Sharp
      • 02-23-08
      • 304

      #3
      wow thanks so much!!
      Comment
      Search
      Collapse
      SBR Contests
      Collapse
      Top-Rated US Sportsbooks
      Collapse
      Working...