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, Jan 19, 02:36:44