Soccer ML line

[Rixsaw]

Does anyone have a formula for calculating soccer ML line? For example of today game:

Lorient ML +220
Lyon ML +115
Draw +220

It seems to me that if I bet both Lorient and Lyon, I would win something no matter who win. But if it ends in a Draw, then I loose both.

Now lets assume the bet amount is risk $100 on each side. Thus total risk is $200. Is there a way to calculate the best value in taking:
a) Lorient ML and Lyon ML
b) Lorient ML and Draw
c) Lyon and Draw

For you soccer pros, is there an advantage in doing this? Have anyone tried this? I know some people actually take a side and draw, but haven't heard of anyone taking both sides.

For today experiment, I took both Lyon and Lorient. I like Lyon, but hoping Lorient would win because I will win more $. I don't think it will end in a draw.

[TWEETS]

Very little upside, you would be profitable some days, but those draws would kill you. People who usually take a side and a draw is to make it basically a PK line, where if the draw happens they break even.

[protein]

Rixsaw it´s basically PK (draw no bet) that Bookies offer. Often You find better odds taking both sides "manually" than taking PK bet from a Bookie.

To calculate You can simply make an Excel formula or use some tools (check internet search).

I´m sure You´ve also heard about arbing and value betting