Math Lesson - Do not bet basketball teasers

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  • mathdotcom
    SBR Posting Legend
    • 03-24-08
    • 11689

    #1
    Math Lesson - Do not bet basketball teasers
    Standard odds for 2 teamer +4 points: -110

    Data: Teams miss covering by a half point about 2% of the time. Same for teams not covering by a full point, 1.5, etc.

    Need each leg of teaser to hit at least 72% of the time to break even.

    Adding 4 points to a team's spread gives the dog a 50% + (8*2)% = 66% chance of covering. Fair odds on such teasers closer to +130.

    Well below the 72% needed for bet to be +EV

    Take Nets -4.5 game tonight as an example. Tease it down to -0.5 and Pinn gives fair odds of -186 on that bet with a win % of 64.5%. Not even close to 72%.

    Choose a teaser that crosses 0 and the percentage chance of that leg covering falls 2%.

    If you must do it (jjgold), go for games with low totals... ahem.. not NBA.

    You're welcome
    mathy
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