Originally <a href='/showthread.php?p=18526442'>posted</a> on 04/27/2013:

Quote Originally Posted by MD View Post
Nunya, help me out bruhv. If I want to bet two method of victory props, what's the easiest way to calculate the combined odds I'm getting? For example, if I'm betting on Jones by TKO +150 and submission at whatever stupid odds it's at, what's the fastest way to calculate the odds I'm getting on Jones by TKO or Submission? I generally convert both props to percentages, sum, and convert the product back to odds, then bet both sides in such a way that each gives an equal payout. Am I doing this wrong? Or inefficiently?


If I'm understanding you correctly, that's definitely wrong.

The super quick way is to just use the arbitrage calculator

http://www.sportsbookreview.com/betting-tool...ge-calculator/

The Total Bet field will then be what you are risking, to win the $ Profit.

Convert to odds from there.

For example Let's say you want to see if its better to bet Jones ITD or Jones by KO at +150 with Jones by sub at EV.

Enter $100 as bet one, enter Line #1 at +150, enter Line #2 at +100.

Click calculate. It will give you:

Bet #2: $500
Total Bet: $900
$Profit: $100
%Profit: 11.1111%

So, in this case you are risking $900 to win $100 by playing those two props rather than the ITD price of -450 or whatever it is.

This is easily tested by seeing, that if Jones doesn't win inside the distance you lose both bets for -$900.

If Jones wins by KO you win ($400x1.50)-$500 = $100
If Jones wins by sub you win ($500x1.00)-$400 = $100