1. #1
    Bullajami
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    Calculating Book Advantage on Moneylines

    Checking my math with the brainiacs here. On the line
    XYZ -220
    ABC +200

    the house advantage equals:
    XYZ -220 = 5/11; converted to percentage as 11(100)/5+11 = 68.75%

    ABC +200 = 2/1; converted to a percentage as 1(100)/2+1 = 33.33%

    33.33% + 68.75% = 102.08%

    meaning the book has a 2.08% overround built into this line.

    Have I got this right?
    Last edited by Bullajami; 06-30-08 at 06:41 AM.

  2. #2
    Ganchrow
    Nolite te bastardes carborundorum.
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    Well technically the overround would be 102.08% and the theoretical hold (i.e., the "juice") would be 1- 1 102.08% ≈ 2.041%.

    See http://www.sportsbookreview.com/forum/handicappe...ical-hold.html.

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