Sports betting chatter

Quote: lilredrooster

Quote: SOOPOO

So added North Carolina NCAA at -10000

just curious if you don't mind my asking
you had to have $10,000 in your account to make that bet - correct - ?
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NO!

you could bet 10 cents to 50 cents depending on which site. Of course it has to be high enough to make a return, which might be zero till you get to a few dollars. It's the ratio that counts

When i first considered sports betting at casinos I thought you had to bet minimum $100 because of the way American odds are always stated: 'it means bet $100 to win $110' etc .

I've noticed that when you read a book or article, Wizard included, they repeat this without saying it's the ratio that matters and you can bet a small minimum without penalty

Quote: lilredrooster

Quote: odiousgambit

usually it's +900 vs -2500 or so.! Must be high HE ?

I thought so too - but Betstamp gave me this - it seems the he is not very high - which surprised me quite a bit

"The house edge (commonly known as the overround or "vig") on this bet is 6.15%.
To understand how this is calculated, you look at the implied probability of each side winning:
• The Underdog (+900): A bet at +900 has a 10.00% implied probability (100 / (900 + 100)).
• The Favorite (-2500): A bet at -2500 has a 96.15% implied probability (2500 / (2500 + 100)).

The Math

When you add the two probabilities together, you get the total bookmaker market percentage:
(10.00%+96.15%=106.15%)
The amount over 100% represents the sportsbook's built-in cushion. Subtracting 100% leaves you with the house edge of 6.15%"

the he on a typical bet where both sides are -110 is 4.55%

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thanks for checking out the HE, as often is the case you are the one to do that

for tonights game, the 'no' on overtime is -5000 ... edit: when I first saw it .... I am too snakebit to use that in a parlay!!

PS at DK the choices are +1200 / -3000 right now ... the line moved due to bettors going for a 'yes' bet?

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I thought you guys might find this site that identifies various arbitrage opportunities useful
their data is totally free -
I can't vouch for its' accuracy
it was quite interesting to see all the bets they found; lots of them
it looks fantasitc for doing arbs
is it too good to be true - ? - idk - maybe I'm missing something

https://crazyninjaodds.com/site/tools/arbitrage.aspx

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