Quote:
Originally Posted by AndyC
OK we will keep this simple. Team A plays Team B twice. In both games the line is -120 A and -100 B. The first game is won by A and the second game is won by B. There are only 2 bettors making a bet on each game and they are both trying to win $100 each game. Bettor 1 bets $120 on team A and bettor 2 bets $100 on team B. So the book takes in $220 on each game and a total of $440 for the 2 games. When A wins the first game the book pays bettor 1 a total of $220 and when B wins the second game the book pays bettor 2 a total of $200. So the book after 2 games has taken in $440 in bets and paid out $420 to the winners resulting in a net win of $20.
If the games were at -110 A and -110 B the book would be taking in $220 of bets on each game and paying out $210 each game. For the 2 games the book would take in $440 of bets and payout $420 to the winners, again netting $20.
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Netting $20 off how much bet?
When the numbers change, the total amount bet changed too. A $440 bet is not the same as a $110 bet.
That would be like a racetrack counting $10 on a 5 to 1 shot as the same amount of handle as $50 on an even money shot. And calculating the takeout percentage on that.
