Best choice I think.
Too bad I can't bet on the 1st two
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#37
Matchbook
Greek
WSEX
Comment
pags11
SBR Posting Legend
08-18-05
12264
#38
atta kid coach...
Comment
ritehook
SBR MVP
08-12-06
2244
#39
Originally posted by Ganchrow
For what it's worth, that corresponds to vig of 4.545%.
Math not being my strong suit, I always wondered how 110/100 = a book hold of around 4.5%, overall. I understand that a breakeven would be 5% --- where do they lose the other half percent?
Comment
Ganchrow
SBR Hall of Famer
08-28-05
5011
#40
Originally posted by ritehook
Math not being my strong suit, I always wondered how 110/100 = a book hold of around 4.5%, overall. I understand that a breakeven would be 5% --- where do they lose the other half percent?
One way of looking at is that for every $110 a player bets, he'll pay $10 in vigorish half of the time. So:
vig = -50%×$10/$110 ≈ 4.545%
And in EV terms, where vig is the negative of a player's EV: