House Edge On This Baseball System?
February 23rd, 2011 at 5:24:57 PM
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Lets say you were to place an equal amount of money on two different outcomes of a Baseball game. Yankees VS Red Sox.
Red Sox are the Underdog and are paying +120 on a money line wager.
The Yankees Run Line (-1.5) has them paying +130.
If you wagered $100 on both of these outcomes, there are 3 possible events.
Red Sox win the game, you profit $20
Yankees win the game by more than 1 run, you profit $30
Yankees win the game by exactly 1 run, you lose $200
By leaving just a crack for margin of error, how much are you at a disadvantage?
Red Sox are the Underdog and are paying +120 on a money line wager.
The Yankees Run Line (-1.5) has them paying +130.
If you wagered $100 on both of these outcomes, there are 3 possible events.
Red Sox win the game, you profit $20
Yankees win the game by more than 1 run, you profit $30
Yankees win the game by exactly 1 run, you lose $200
By leaving just a crack for margin of error, how much are you at a disadvantage?
February 23rd, 2011 at 7:12:34 PM
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This should help: https://wizardofodds.com/mlb
