I am almost with you drunkguy. Your formula shows me how to get from odds to perctages without the juice, I am just a little shaky on the terms. How did you covert the moneyline to odds to profit indicator. I am trying to get the true percentages on a boxing match. The favorite is -650 and the underdog is 450. So if one bets on the favorite ($650 trying to win $100) and then someone else bets on the underdog ($100 trying to win $450) and the underdog wins, the house walks away with $250 in profit. If the favorite wins, I guess the house breaks even? Can you show me how to use your formula to convert the published moneyline to acutal percentages that would add up to 100% with the house taking nothing??? |