Calculate Arbitrage/Scalp bet with different spreads?

[Qbawler311]

Lets say I got this scenario:

Bookies1: NBA- PHI +5.5 -110
CHI -5.5 -110

Bookies2: NBA- PHI +4.5 +110
CHI -4.5 -120

How do I calculate the percent edge the bookies or bettor has, while factoring in the line discrepencies? All help is appreciated. Please show math.

[ImBen]

This is not a profitable middle. Not even close.

[ImBen]

I'm assuming Bookie2 is Pinnacle, and this is the better line on both sides. If you want to make sure, look at the drop-down box and compare the prices at the other spread.

[playersare]

profitable NBA middles are generally no more than 5c combined juice per half point. so for example, I would play +5.5 -110 if there was -4.5 +100 available. most of the time, good plays require to you take open leads and wait for the steam to blow the line further down before closing.

[Qbawler311]

OK....so How do I calculate the percent edge the bookies or bettor has, while factoring in the line discrepencies?

If the spread is the same i think you do it like this:
Bookies1: NBA- PHI +5.5 -110
CHI -5.5 -110

Bookies2: NBA- PHI +5.5 +110
CHI -5.5 -120

Highest odds PHI: Bookies2=PHI with +110
Highest odds CHI: Bookies1=CHI with -110

PHI +110 = 11/10 = 110
CHI -110 = 10/11 = 90.91

110 + 90.91 = 200.91

200/200.91 = 99.55% or a .45% combined profit to the arb better

Is this correct?

[playersare]

[ QUOTE ]
Highest odds PHI: Bookies2=PHI with +110
Highest odds CHI: Bookies1=CHI with -110

PHI +110 = 11/10 = 110
CHI -110 = 10/11 = 90.91

110 + 90.91 = 200.91

200/200.91 = 99.55% or a .45% combined profit to the arb better

Is this correct?

[/ QUOTE ]
no, because only one team can cover the same spread. the way you structured it, if the bulls win by 6 or more, you win $10, but if philly wins or loses by 5 or less, then you lose $9.09.

[Qbawler311]

[ QUOTE ]
[ QUOTE ]
Highest odds PHI: Bookies2=PHI with +110
Highest odds CHI: Bookies1=CHI with -110

PHI +110 = 11/10 = 110
CHI -110 = 10/11 = 90.91

110 + 90.91 = 200.91

200/200.91 = 99.55% or a .45% combined profit to the arb better

Is this correct?

[/ QUOTE ]
no, because only one team can cover the same spread. the way you structured it, if the bulls win by 6 or more, you win $10, but if philly wins or loses by 5 or less, then you lose $9.09.

[/ QUOTE ]

I was using the numbers for the calculations not bets, just as a proof of concept, given that situation you can have a win-win situation (although very small) if you balance your wagers properly.

[craig]

Line Converter

craig