Quote:
Originally Posted by dilanesp
Here's some math on what is going on with sports betting and takeout, in case anyone is interested in it.
Let's go through these in turn.
Thask starts out by talking about 120-100 lines. A 120-100 line sounds like the same as a 110-110 line. But it isn't. It has a higher takeout.
The takeout on a 120-100 line is the average of the take on the 120 side and the take on the 100 side. The 120 side's takeout is 20/120, or .167. The 100 side's takeout is 0. So if equivalent amounts are bet on both sides, the sports book is getting over 8 percent of the total money back in takeout rather than 4 1/2 percent. The book has almost doubled its profit margin while making it look like it did nothing other than adjusted the odds...........
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You would have a good argument if your math was correct. On a 120-100 line with equal action on both sides and where in the long run each side wins 50% of the time there is absolutely no difference in how much the book would win.
