Not entirely sure about the question, but:
at -105 both sides, this makes a book of 102.44%
at -200 and +190, the book is now 101.15%
bookmakers maintain their 2% overround by breaking the dime line.
so if they offer -200 and +180, the book is 102.38%
you may feel annoyed that it's no longer a dime lime, but it's a still a highly competitive book (some events in the UK are posted as -120 each of two, for a
109% book) with a tiny margin of error for the bookmaker.
at -105 both sides, this makes a book of 102.44%
at -200 and +190, the book is now 101.15%
bookmakers maintain their 2% overround by breaking the dime line.
so if they offer -200 and +180, the book is 102.38%
you may feel annoyed that it's no longer a dime lime, but it's a still a highly competitive book (some events in the UK are posted as -120 each of two, for a
109% book) with a tiny margin of error for the bookmaker.
As moneylines go higher, the spread must get wider to maintain a theoretical hold. Thanks to this page, I saved myself a few hours trying to derive the hold formula again.
http://www.sharpsportsbetting.com/forums/free/general/index.cgi/noframes/read/12475
Theoretical House Hold Percentage = 1 - A/B
A = (1 + dog price)*(1 + favorite price)
B = (1 + dog price)*(favorite price)+ 1 + favorite price
http://www.sharpsportsbetting.com/forums/free/general/index.cgi/noframes/read/12475
Theoretical House Hold Percentage = 1 - A/B
A = (1 + dog price)*(1 + favorite price)
B = (1 + dog price)*(favorite price)+ 1 + favorite price
First off, lets not forget that most traditional bookmakers use 20 cent lines in Football and the gambler needs to hit about 52.4 % to break even. Therefore, the theoretically hold for the bookmaker is 4.8%.
Now for Baseball, when bookmakers offer a true dime line, the theoretical break even point is HALF of what it is for Football, so the gambler needs to hit only 51.2% of the time if the games averaged out to theoretical Pick Em's...
The theoretical hold is roughly 2.4%...
Now even when bookmaker says they are offering you a true dime line for Baseball, the higher the line, the more likely the bookmaker gradually increases his spread from a dime line to a 15 cent line, and higher...
For most "outs" who say they are using a "TRUE" dime line vs. a "GRADUATED" one, the former will stay with a dime spread all the way up until a Baseball team becomes a 2-1 favorite and at that point, the bookie often will increase the spread to minus $2.00, plus $1.85 (which is now a 15 cent line)...
On the other hand, a "GRADUATED" dime line usually begines breaking away from the 10 cent spread much sooner, around the time when a team become a 3-2 favorite or minus $1.50...
Since it's a BUYERS market out there for your Baseball business, why even bother using anyone who doesn't offer you at least a TRUE DIME LINE because there are some places, like Pinnacle that offer the player even better odds for Baseball...
THE SHRINK
Now for Baseball, when bookmakers offer a true dime line, the theoretical break even point is HALF of what it is for Football, so the gambler needs to hit only 51.2% of the time if the games averaged out to theoretical Pick Em's...
The theoretical hold is roughly 2.4%...
Now even when bookmaker says they are offering you a true dime line for Baseball, the higher the line, the more likely the bookmaker gradually increases his spread from a dime line to a 15 cent line, and higher...
For most "outs" who say they are using a "TRUE" dime line vs. a "GRADUATED" one, the former will stay with a dime spread all the way up until a Baseball team becomes a 2-1 favorite and at that point, the bookie often will increase the spread to minus $2.00, plus $1.85 (which is now a 15 cent line)...
On the other hand, a "GRADUATED" dime line usually begines breaking away from the 10 cent spread much sooner, around the time when a team become a 3-2 favorite or minus $1.50...
Since it's a BUYERS market out there for your Baseball business, why even bother using anyone who doesn't offer you at least a TRUE DIME LINE because there are some places, like Pinnacle that offer the player even better odds for Baseball...
THE SHRINK
