I was looking for alittle information or direction on 'value wagering' for baseball. I read a post on another site with a detailed discription of finding value in baseball wagering using money line, percentages.
a moneyline of +1.00 basically is a 50/50 proposition while a +1.05 is what, 49/51? I'm talking percentages. I cannot recall the line to percentage table.
what this dude was talking about is that a team is +1.20 has a chance of winning that game say 40% of the time. If you cap the game and agree with that percentage you place the wager if not you pass. The dudes whole write-up was about finding value in dogs with the line/percentage table and placing your wager if or when you find value.
I'm sure that was clear as mud, if someone could give me the moneyline to percentage table I would be thankful. Thanks in advance, laters.
a moneyline of +1.00 basically is a 50/50 proposition while a +1.05 is what, 49/51? I'm talking percentages. I cannot recall the line to percentage table.
what this dude was talking about is that a team is +1.20 has a chance of winning that game say 40% of the time. If you cap the game and agree with that percentage you place the wager if not you pass. The dudes whole write-up was about finding value in dogs with the line/percentage table and placing your wager if or when you find value.
I'm sure that was clear as mud, if someone could give me the moneyline to percentage table I would be thankful. Thanks in advance, laters.