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MMA Wagering UnderGround >> understanding odds?


4/29/06 7:54 AM
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lunaticjits
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Edited: 29-Apr-06
Member Since: 01/29/2006
Posts: 53
 
If i were to bet $100 on royce in his fight v hughes and he won how much would it pay at +287?
4/29/06 10:01 AM
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mbutler007
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Edited: 29-Apr-06
Member Since: 02/06/2006
Posts: 90
You'd have $387. $287 plus your $100 back. The plus number is always what you'd make on a $100 wager.
4/29/06 4:20 PM
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Oddessa
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Edited: 29-Apr-06
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Posts: 5886
JoeyOddessa.com

A money line, used in MMA, Boxing,Baseball and Hockey, takes the place of a point spread. Money line betting is simply wagering on the contest based on a given price rather than a point spread. The team wagered on has to win the game outright, regardless of the score. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+120) always indicates the underdog and the amount you win for every $100 bet. Using this example, therefore, you would bet $130 to win $100 on the favorite, while for the underdog you would bet $100 to win $120.

http://www.pinnaclesports.com/?refer=xboxing

Pinnacle offers the lowest % of juice than any other book on the planet with the fight lines.

Pinnacle uses a -115/+105, -175/+165 etc. It makes a huge difference when counting wins and losses. The lower the juice, the lower win % you need to turn a profit.

Juice is the bookies commission, also called vig or vigorish.

What is "vig"?
Vig is the fee or commission that the sportsbook builds into the betting lines. Vig is built into the money lines so you don't know that you are paying it (or how much you are paying) unless you understand where to look. Obviously, you want to pay less vig, so it is much more favorable to the player if he plays at a sportsbook that has 5 cents vig rather than 7 or 10 cents ("5 cents vig" translates to 5% commission added to the cost of making the wager).

How can I find out how much vig I'm paying?
There are a few ways. First, you can look at the advertised betting rates. Second, you can look for even bets and determine the vig from the money lines. For example, if Oscar de la Hoya is -120 over Bernard Hopkins at +100, then you are playing into a 20 cent line. Similarly, if the fight is listed at Oscar -110 and Hopkins at +100, then you are playing into a 10 cent line. The difference in savings and earnings over a month of steady playing is staggering. Naturally, you would want to play into the lower line.

http://www.pinnaclesports.com/?refer=xboxing

4/30/06 10:40 AM
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lunaticjits
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Edited: 30-Apr-06
Member Since: 01/29/2006
Posts: 54
thanks guys,

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