How do you price this?

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  • CanuckG
    SBR Posting Legend
    • 12-23-10
    • 21978

    #1
    How do you price this?
    Say you want to group 3 drivers together to win a race. They're all around +1000 each to win. How do I price this for either 3 to win. This isn't vs the field just either 3 to win.
  • Optional
    Administrator
    • 06-10-10
    • 61672

    #2
    Originally posted by CanuckG
    Say you want to group 3 drivers together to win a race. They're all around +1000 each to win. How do I price this for either 3 to win. This isn't vs the field just either 3 to win.
    3 drivers each @ +1000 with the same $$ on each would pay +267 for any of them to win
    .
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    • byronbb
      SBR MVP
      • 11-13-08
      • 3067

      #3
      you no-vig all the prices offered then convert each drivers odds to probability then sum them and convert back to odds.easy to do with https://www.sportsbookreview.com/for...ate-excel.html except it wont work in modern excel i had to "acquire" office 2003 from the internet.
      Comment
      • CanuckG
        SBR Posting Legend
        • 12-23-10
        • 21978

        #4
        Originally posted by byronbb
        you no-vig all the prices offered then convert each drivers odds to probability then sum them and convert back to odds.easy to do with https://www.sportsbookreview.com/for...ate-excel.html except it wont work in modern excel i had to "acquire" office 2003 from the internet.
        these are one way markets. How do I find the no vig for this? Sorry dumb ques I am sure.

        The real prices are +1100, +1100 and +1000
        Comment
        • Optional
          Administrator
          • 06-10-10
          • 61672

          #5
          Originally posted by CanuckG
          these are one way markets. How do I find the no vig for this? Sorry dumb ques I am sure.

          The real prices are +1100, +1100 and +1000
          That comes out at $35.29 on +1000 and $32.35 for the other two per $100 staked and pays +288

          I use this calculator a lot for nascar https://www.oddschecker.com/betting-...ing-calculator

          It's in decimal, so you enter 11, 12 and 12 for +1000 +1100 and +1100
          .
          Comment
          • asiagambler
            SBR Hall of Famer
            • 07-23-17
            • 6827

            #6
            You can't calculate the vig unless you know the price for every other driver
            Comment
            • Optional
              Administrator
              • 06-10-10
              • 61672

              #7
              Originally posted by asiagambler
              You can't calculate the vig unless you know the price for every other driver


              PadPow 5Dimes Ladbrokes BetAmerica NEDS Betstars BetMGM Bet365 BEST
              Joey Logano 900 1100 900 1000 900 1000 900 900 1100
              Brad Keselowski 1000 1100 1000 1100 1000 1000 1000 1000 1100
              Chase Elliott 1200 975 1100 1300 1100 1200 1200 1200 1300
              Denny Hamlin 1200 650 1100 1300 1100 1200 1200 1200 1300
              Kyle Busch 1200 1100 1200 1300 1200 1000 1200 1200 1300
              Kevin Harvick 1200 1400 1100 1200 1100 1200 1200 1200 1400
              Martin Truex Jr 1400 1200 1200 1600 1200 1200 1400 1400 1600
              Ryan Blaney 1400 1650 1400 1600 1400 1400 1400 1400 1650
              Alex Bowman 2000 2300 1800 2200 1800 2000 2000 2000 2300
              Kurt Busch 1600 2350 1600 1800 1600 2000 1600 1600 2350
              Jimmie Johnson 2000 2000 2000 2200 2000 2500 2000 2000 2500
              Erik Jones 2200 2200 2000 2500 2000 2000 2200 2200 2500
              Aric Almirola 2000 2750 2000 2200 2000 2000 2000 2000 2750
              William Byron 2000 2800 1800 2200 1800 2000 2000 2000 2800
              Clint Bowyer 1700 2850 1800 2000 1800 2000 1800 1800 2850
              Ricky Stenhouse 1700 3000 2800 2000 2800 2000 1800 1800 3000
              Austin Dillon 3000 3000 3300 3300 3300 3300 3300 3300 3300
              Kyle Larson 2200 3600 2200 2500 2200 2000 2200 2200 3600
              Matt DiBenedetto 3000 3300 2800 3300 2800 4000 3300 3300 4000
              Christopher Bell 4000 4400 4000 4000 4000 3300 4000 4000 4400
              Ryan Newman 4000 4750 3300 4000 3300 4000 4000 4000 4750
              Tyler Reddick 5000 4000 4000 5000 4000 5000 5000 5000 5000
              Cole Custer 5000 5500 4000 5000 4000 5000 5000 5000 5500
              Daniel Suarez 3000 3300 3300 6600 3300 3300 6600
              Paul Menard 5000 6600 5000 5000 6600
              Daniel Hemric 6600 6600 6600 6600
              Justin Haley 6600 6600
              Ross Chastain 6600 8000 8000 8000 8000 8000
              Chris Buescher 7000 4000 6600 8000 6600 8000 8000 8000 8000
              Brennan Poole 8000 8000
              Landon Cassill 10000 10000
              Darrell Wallace Jr 6600 6000 12500 7000 12500 6600 6600 6600 12500
              Ryan Preece 6600 9000 12500 7000 12500 6600 6600 12500
              John Hunter Nemechek 7000 11000 12500 10000 12500 8000 8000 12500
              Michael McDowell 7000 8000 12500 8000 12500 8000 8000 8000 12500
              David Ragan 12500 10000 10000 10000 10000 10000 12500
              Ty Dillon 12500 6000 12500 10000 12500 10000 10000 10000 12500
              JJ Yeley 15000 12500 12500 12500 12500 15000
              Quin Houff 15000 15000 15000 12500 12500 15000
              B.J. Mcleod 17500 15000 15000 17500
              Brendan Gaughan 17500 12500 12500 15000 15000 17500
              Matt Tifft 17500 15000 17500
              Cody Ware 20000 17500 20000
              Corey Lajoie 20000 20000 20000 17500 17500 20000
              Garrett Smithley 20000 17500 20000
              Joey Gase 20000 15000 15000 17500 17500 20000
              Parker Kligerman 20000 17500 20000
              Timmy Hill 20000 15000 15000 17500 17500 20000
              Chad Finchum 10000 20000 20000
              James Davison 10000 20000 20000
              FIELD 3300
              VIG 31.58% 19.98% 31.48% 18.27% 28.58% 25.76% 31.65% 29.30% 19.63%
              .
              Comment
              • asiagambler
                SBR Hall of Famer
                • 07-23-17
                • 6827

                #8
                BetAmerica lower vig than 5Dimes. Impressive
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #9
                  Lotta good information in this thread Canuck always looking for an edge
                  Comment
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