Price Improver Question

[Teamprofit101]

Hey,

Can someone please explain this to me?


Creating a better synthetic price for the favourite by combining a fixed odds bet with a spread bet
You would like to back Chelsea to beat Spurs in the FA Cup 1/4 final at Stamford Bridge. The Blues are best-priced on BetFair at 1.57, while their opponents can be backed at 7.8, also on Betfair. As the 25:10 win index price for Chelsea is 16-17.5, you can effectively back Chelsea at 1.70 by buying their win index for 10 and backing Spurs for £13.40 at 7.8. This synthetic bet gives you 29.63% better value than the natural bet.

The 25:10 win index is a popular spreadbetting market that awards 0 for a loss, 10 for a draw and 25 for a win. The best (lowest) price for Chelsea is 16-17.5. This means that you would win 7.5 times your stake if Chelsea were to win, but would only lose 7.5 times your stake if the match were to be drawn. However, if they were to lose, you would lose 17.5 times your stake!

I copied this from http://www.arbcruncher.com/price_improver.asp

Is 16-17.5 the spread bet odds?

if A were to win wouldn't you win....$313.85

17.5 X $10= $175
+
1.57 X $88.44= $138.85

Total 175+138.85= $313.85

Can someone give me an example with basketball?

[buby74]

Spread betting is similar to The stock Market 17.5 is the cost of buying a stock worth 25 if they win 10 if it is a draw and nothing if they lose so when they advised to buy 10 at 17.5 you would lose 175 if they lost 75 if they drew but gain 75 if they win. I think spread betting is only done in the uk but they do offer betting on NFL

[buby74]

For an nba example sportingindex have a spread of 4-7 for the lakers vs pacers tonight with the lakers as favourites so you buy the lakers at 7 for $10 and make a profit of 10 dollars for EVERY point more than 7 they win by it is a push if they win by exactly 7 and you lose $10 dollars for every point less than7 they win by or for every point they lose by. If I backed the pacers that would be based off of 4 as I am selling the lakers so if the pacers win by 10 and I sold the lakers at 4 for 10$ but you bought at 7 I would win 140 you would lose 170 and so the bookie makes 30
Spread betting is extremely volatile so stay away from it until you really understand it

[FourLengthsClear]

Can someone give me an example with basketball?

There wouldn't be an equivalent in basketball because the draw/tie is out of the equation.
On some matches there will be a 25:0 market but that is just the same as a heavily juiced moneyline.

For example if Miami is quoted at 18.5 - 19.5 then buying Miami is the same as betting them on the ML at 1.28 (-354) whereas selling Miami is the same as betting their opponents at 3.85 (+285).

[Teamprofit101]

Thanks to everyone that responded for shedding some light on this for me.

[Jackson1003]

Thanks to everyone that responded for shedding some light on this for me.

Good Luck on your future wagers