Do all online books have VIG on ML's?

[pokernut9999]

Is Ganch like the guy on the show "Numbers " or Sheldon on the show "The Big Bang Theory."

[Ganchrow]

# of bets? 2?

Yes. 1 at -415 and 1 at +365.

The % profit cell then corresponds to the vig.

[ShamsWoof10]

-142 is not the juice, it's the price or simply the odds.

See http://forum.sbrforum.com/players-ta...ical-hold.html.

Oh yeah my bad "Taco" I jumped a little quick on that...

I see what he was thinking... He thinks or thought the below... or I am assuming he did...

Cavs. +385 -110
Celtics -415 -110

This of course is not the case... There is no -110 or Vig. other then as LT said what's built into the ML "GAP" itself...

[LT Profits]

OK, so I see hold pct. is 2.0452% (1/(415/515+100/465))

Now how did you quickly go from that to +/-374.9?

[Ganchrow]

OK, so I see hold pct. is 2.0452% (1/(415/515+100/465))

Now how did you quickly go from that to +/-374.9?

415 515 /( 415 515 + 100 465 ) gives you an implied probability of about 78.93% on the fave, corresponding to decimal odds of about .

Check out http://forum.sbrforum.com/players-ta...ical-hold.html, which fully explains the procedure.

[BrUno0]

i've tried reading that about twice, and i still just can't seem to absorb it, btw ganch, that % profit, what exactly is that proving, that the book's vig is 2% incorporated into the moneyline?

[Ganchrow]

i've tried reading that about twice, and i still just can't seem to absorb it, btw ganch, that % profit, what exactly is that proving, that the book's vig is 2% incorporated into the moneyline?

It doesn't "prove" anything.

It just tells you how much the book expect to make on every dollar bet on the game in question (roughly 2.05%).

[Francis Sollozzo]

i've tried reading that about twice, and i still just can't seem to absorb it, btw ganch, that % profit, what exactly is that proving, that the book's vig is 2% incorporated into the moneyline?

by your 1st question i can tell you are a newbie , cannot learn everything in a day. it will come to you

[LT Profits]

Ok I got it Ganch, although I get +/-374.7....LOL


First off, 415/515 = .8058 and 100/465 = .2151, which adds to 1.0209

SO....

Fave % = .8058/1.0209 = 78.93%
Dog % = .2151/1.0209 = 21.07%

No Vig Line = .7893/.2107 = 3.7471, or +/=374.71

[LT Profits]

Bruno,

All you need to know is that book line is what it is.

Thus, Celts -415 means you risk 415 to win 100, Cavs +365 means risk 100 to win 365. There is no extra juice on top of that.

[Ganchrow]

Ok I got it Ganch, although I get +/-374.7

Which is exactly what you should be getting.