1. #1
    CanuckG
    CanuckG's Avatar Become A Pro!
    Join Date: 12-23-10
    Posts: 21,951
    Betpoints: 584

    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.

  2. #2
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,788
    Betpoints: 9183

    Quote Originally Posted by CanuckG View Post
    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

  3. #3
    byronbb
    byronbb's Avatar Become A Pro!
    Join Date: 11-13-08
    Posts: 3,067
    Betpoints: 2284

    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.

  4. #4
    CanuckG
    CanuckG's Avatar Become A Pro!
    Join Date: 12-23-10
    Posts: 21,951
    Betpoints: 584

    Quote Originally Posted by byronbb View Post
    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

  5. #5
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,788
    Betpoints: 9183

    Quote Originally Posted by CanuckG View Post
    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

  6. #6
    asiagambler
    asiagambler's Avatar SBR PRO
    Join Date: 07-23-17
    Posts: 6,371
    Betpoints: 30412

    You can't calculate the vig unless you know the price for every other driver

  7. #7
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,788
    Betpoints: 9183

    Quote Originally Posted by asiagambler View Post
    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%
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: CanuckG

  8. #8
    asiagambler
    asiagambler's Avatar SBR PRO
    Join Date: 07-23-17
    Posts: 6,371
    Betpoints: 30412

    BetAmerica lower vig than 5Dimes. Impressive

  9. #9
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

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

Top