Profile | Entries | Thread Author | Posts | Activity |
---|---|---|---|---|
ok so im using a no vig fair odds calculator and an EV calculator to try and determine which side of a bet has better value but i must be missing something... ill use tomorrow's seahawks/bears game as the example.. odds are currently -200 for seahawks and +165 for bears. this means the implied odds for the seahawks to win are 66.67% and 37.74% for the bears to win. when i take the vig out that makes the odds 63.86% for the seahawks and 36.14% for the bears. assuming i am placing a $100 bet, when i enter that into the EV calculator it gives me a value of -$4.21 for the seahawks and -$4.23 for the bears. -4.21 is a bigger number than -4.23 so assuming i am doing this correctly (which i dont think i am), that would mean the seahawks are a better value even if not by much. now this is where i get confused: using that math, i would obviously get the same numbers for any bet where the favorite has -200 odds bc the underdog will always have +165 odds. so wat am i missing? thanks. |
jesty | 15 |
|
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.