Very Helpful & GL this coming season Gamehunter
Always good to see you MCW.
Good luck as you approach Post 100k.
"But what is the sportsbook’s margin on the money line and why is it important to calculate the margin? It’s not difficult to calculate yourself when you know how.
Using the same example, we first must convert the money line (ML) into a "percentage chance of winning" for each team. For favourites, that is the ML quote / (ML - 100), so Philadelphia should win -140 / (-140-100) = 58.33% of the time. For the underdog, the calculation is 100 / (ML +100), so the Mets should win 100 / (130+100) = 43.48% of the time. If you add these two percentages together you get a figure of 101.81%. That extra 1.81% represents the bookie's hold or vigorish."
"But what is the sportsbook’s margin on the money line and why is it important to calculate the margin? It’s not difficult to calculate yourself when you know how.
Using the same example, we first must convert the money line (ML) into a "percentage chance of winning" for each team. For favourites, that is the ML quote / (ML - 100), so Philadelphia should win -140 / (-140-100) = 58.33% of the time. For the underdog, the calculation is 100 / (ML +100), so the Mets should win 100 / (130+100) = 43.48% of the time. If you add these two percentages together you get a figure of 101.81%. That extra 1.81% represents the bookie's hold or vigorish."
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