Is this a middle?

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  • dynamite140
    SBR MVP
    • 07-05-08
    • 4958

    #1
    Is this a middle?
    Not sure what to call it but i am not sure if this is a middle or not.

    I see a college football game where you can take

    Team A +14 (-110)
    Team B -13.5 (+101)


    Is this bet worth it? The only way you profit here is if Team B wins by exactly 14 points which is not that hard since its pretty much close to the spread and a key number. Using $100 as the base amount to make it simple, if this game does not end with Team B winning by exactly 14, you are down around $4.48 using the scalpulator and plugging in those numbers. But if Team B wins by exactly 14, you win about $105 or so if you enter the right numbers.

    Obviously if the juice was something like team A (-105) and Team B (+105) this would be an easy bet because you are freerolling. But if you look at this situation, if Team B wins by exactly 14 points 1 time out of 23 times, then this bet is good.

    Basically its Team B need to win by exactly 14 and you win $105 or any other result you lose $4.48 just by using a $100 base amount to make it simple. Am i right or wrong with these calculations? Surely some bet like this is good or is it a waste of money? I know if you can get Team A +17 and Team B -14, that is an easy bet because there is a 3 point middle and 14 and 17 are key numbers in a football game. But what about situations like this? Now if it was +18.5 and -19, i think its worthless.

    Anyone can give me their thoughts of something like this?
  • RichardMoss
    SBR MVP
    • 11-27-08
    • 2162

    #2
    Most books won't let you play both sides of the same game.
    Comment
    • Flight
      Restricted User
      • 01-28-09
      • 1979

      #3
      Assuming you're talking about NCAAFB, expected push with a spread of 14 is 3.9%. If it lands on this number, you win $101, all other outcomes, you lose $4.48.

      EV = (.039)(101) + (1-0.039)(-4.48)
      =(0.039)(101) + (0.961)(-4.48)
      = 3.939 - 4.305
      = -0.366

      So you can expect to lose 37 cents. Not a good enough middle.

      Note, I assumed your scalp number of $4.48 is correct. You can adjust the equation as necessary.
      Comment
      • bbenson011
        Restricted User
        • 05-17-10
        • 454

        #4
        agree here with flight not profitable enough to middle need more points for it work
        Comment
        • RonPaul2008
          SBR Hall of Famer
          • 06-08-07
          • 6739

          #5
          It is not a "middle", it is a "side."
          And I would not pay more then 6 cents for a 14 side in CFB.
          Comment
          • Shonner
            SBR MVP
            • 09-05-10
            • 1361

            #6
            Originally posted by Flight
            Assuming you're talking about NCAAFB, expected push with a spread of 14 is 3.9%. If it lands on this number, you win $101, all other outcomes, you lose $4.48.

            EV = (.039)(101) + (1-0.039)(-4.48)
            =(0.039)(101) + (0.961)(-4.48)
            = 3.939 - 4.305
            = -0.366

            So you can expect to lose 37 cents. Not a good enough middle.

            Note, I assumed your scalp number of $4.48 is correct. You can adjust the equation as necessary.
            How did you figure out that a push with a spread of 14 is 3.9%? is there a calculator out there?
            Comment
            • Shonner
              SBR MVP
              • 09-05-10
              • 1361

              #7
              hey man, How did you figure out that a push with a spread of 14 is 3.9%? is there a calculator out there?
              Comment
              • Doug
                SBR Hall of Famer
                • 08-10-05
                • 6324

                #8
                by definition a middle allows you to win both bets on the game by betting both sides of the game often at different books.

                +14.5/ -13.5 is a middle if the fav wins by 14.

                You have to determine if the vig is worth it falling on 14, Sometimes you'll get +100 or better on both ends of that, not often, though !

                You need to evaluate the liklihood of middling/ siding a bet relative to the vig and withdrawal costs and time value of your money while waiting to get paid.
                Comment
                • Doug
                  SBR Hall of Famer
                  • 08-10-05
                  • 6324

                  #9
                  Originally posted by Shonner
                  hey man, How did you figure out that a push with a spread of 14 is 3.9%? is there a calculator out there?
                  Depends a lot on the total of the game and the sport involved.

                  It's an art.
                  Comment
                  • Shonner
                    SBR MVP
                    • 09-05-10
                    • 1361

                    #10
                    Here's an example of +EV: You place first bet and take the dog at +6, then line moves, you get favorite at -4. $1100 to win $1000 each bet

                    Bet 1: Underdog +6 risking 1100 to win 1000
                    Bet 2: Favorite -4 risking 1100 to win 1000

                    Possible Outcomes based on SBR half point calculator:
                    fav wins by 4 (0.0299)*(1000 winnings) = 29.90
                    fav wins by 5 (0.0168)*(2000 winnings) = 33.60
                    fav wins by 6 (0.034)*(1000 winnings) = 34.00
                    any other outcome (0.9193)*(-100 loss) = -91.93

                    Add 'em up, your total expected value (EV) is $5.57, That is +EV my friend. It may not seem like a lot but when pro's hit these over and over for large amounts, it adds up, its virtually guaranteed $ in the long run.
                    Comment
                    • Shonner
                      SBR MVP
                      • 09-05-10
                      • 1361

                      #11
                      my example above was for NFL
                      Comment
                      • RonPaul2008
                        SBR Hall of Famer
                        • 06-08-07
                        • 6739

                        #12
                        You're above example for NFL is not a good arb IMO.

                        I wouldn't pay more then 15 cents for that in NFL.



                        Originally posted by Shonner
                        my example above was for NFL
                        Comment
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