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#2
06-22-2006, 04:40 PM
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Re: explain this MLB line to me
[ QUOTE ]
"My calculator says we're risking $48.49 to win $401.09" How? [/ QUOTE ] You're right, I was way off that's why I was practicing [img]/images/graemlins/smile.gif[/img] $201.98 @ -149 to win $352.58 $190.10 @ -117 to win $352.58 Total risk is $401.09 to win $352.58 or $-48.49 but the payout is actually the total of both bets or $705.16. 
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#3
06-22-2006, 05:09 PM
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Re: explain this MLB line to me
[ QUOTE ]
[ QUOTE ] "My calculator says we're risking $48.49 to win $401.09" How? [/ QUOTE ] You're right, I was way off that's why I was practicing [img]/images/graemlins/smile.gif[/img] $201.98 @ -149 to win $352.58 $190.10 @ -117 to win $352.58 Total risk is $401.09 to win $352.58 or $-48.49 but the payout is actually the total of both bets or $705.16. [/ QUOTE ] you might want to check that one more time
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#4
06-22-2006, 05:14 PM
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Re: explain this MLB line to me
[ QUOTE ]
[ QUOTE ] [ QUOTE ] "My calculator says we're risking $48.49 to win $401.09" How? [/ QUOTE ] You're right, I was way off that's why I was practicing [img]/images/graemlins/smile.gif[/img] $201.98 @ -149 to win $352.58 $190.10 @ -117 to win $352.58 Total risk is $401.09 to win $352.58 or $-48.49 but the payout is actually the total of both bets or $705.16. [/ QUOTE ] you might want to check that one more time [/ QUOTE ] THe $352 includes getting the amount you wagered back which is how it is stated in the arb calculator. Is there something else wrong? Gotta get this stuff down before the fall!
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#5
06-22-2006, 05:30 PM
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Re: explain this MLB line to me
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] "My calculator says we're risking $48.49 to win $401.09" How? [/ QUOTE ] You're right, I was way off that's why I was practicing [img]/images/graemlins/smile.gif[/img] $201.98 @ -149 to win $352.58 $190.10 @ -117 to win $352.58 Total risk is $401.09 to win $352.58 or $-48.49 but the payout is actually the total of both bets or $705.16. [/ QUOTE ] you might want to check that one more time [/ QUOTE ] THe $352 includes getting the amount you wagered back which is how it is stated in the arb calculator. Is there something else wrong? Gotta get this stuff down before the fall! [/ QUOTE ] seems like a silly way to calculate it since the portion you bet isn't profit obviously. so you are betting 201.98 to win 150.6 and 190.1 to win 162.48 so when you miss the middle you lose 39.5 either way. and when you win the middle you win 150.6+162.48=313.08 which means you need to win the bet one in 7.92 times so show a profit
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