Hi,
I was wondering, the perquisite to winning long term is beating the closing line, but how do you calculate by how much % you beat the closing line? Yes rather newbish question but if anyone can explain the calculation then would be appreciated.
As an example I have a bet that I took at 1.85 and it closed at 1.78 on Pinnacle Sports. I beat the closing line by how much though? Did I beat it by more than by at least 2% which is the Pinnancle's margin?
The way I was thinking is just divide by 1 to give percentage, with 1.78 at 56% and 1.85 at 54%, is that the right way? And is so, basically at that closing line I'm just 'equalling' Pinny's margin of 2% and long term wouldn't make any profit really and would break even or so?
Thanks in advance guys,
Cheers.
I was wondering, the perquisite to winning long term is beating the closing line, but how do you calculate by how much % you beat the closing line? Yes rather newbish question but if anyone can explain the calculation then would be appreciated.
As an example I have a bet that I took at 1.85 and it closed at 1.78 on Pinnacle Sports. I beat the closing line by how much though? Did I beat it by more than by at least 2% which is the Pinnancle's margin?
The way I was thinking is just divide by 1 to give percentage, with 1.78 at 56% and 1.85 at 54%, is that the right way? And is so, basically at that closing line I'm just 'equalling' Pinny's margin of 2% and long term wouldn't make any profit really and would break even or so?
Thanks in advance guys,
Cheers.