Thats how you can work out a good % number.
Assume each bet has a vig built in and the true estimate is the halfway point between bookie odds of survival (reversed) and bookie odds of relegation
relegation odds = -500 or 1/5 or 83.3%
Survival odds = +250 or 5/2 or (reversed) 71.4%
So a rough estimate of the market assuming equal vig across the two bets = 77.35% or around 2/7 (-350)
Posted By: usacanary on January 19th 2020 at 02:36:44
Message Thread
- Odds of relegation (NCFC) - Hull86, Jan 19, 00:36:46
- Nope was 1/14 now around 1/5 (NCFC) - SCC 28, Jan 19, 00:42:47
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