home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   rec.sport.football.college      US-style college football      209,580 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 207,584 of 209,580   
   The NOTBCS Guy to All   
   Re: Okay, Mr. "no odds are too low if it   
   01 Jul 23 07:02:46   
   
   From: don.p.del.grande@gmail.com   
      
   > > William Hill was offering the follwing bets in Vegas:   
   > >   
   > > Alabama NOT winning the CFP championship: -900   
   > > Georgia NOT winning the CFP championship: -290   
      
   > What were they offering for CFP Championship not ALA or GA?   
      
   Assuming you mean a bet that neither team wins it, they didn't offer one, but   
   you can kinda sorta make your own:   
   Let's say you bet A on Alabama not winning, and G on Georgia not winning   
   If Georgia wins, you end up with 1/9 A - G   
   If Alabama wins, you end up with 10/29 G - A   
   They are the same when 1/9 A - G = 10/29 G - A   
   Add A + G to both sides: 10/9 A = 39/29 G   
   Multiply both sides by 9 x 29: 290 A = 351 G   
   If you bet 351 on Alabama (which pays 39) and 290 on Georgia (which pays 100),   
   and:   
   (a) Georgia wins, you end up with  39 - 290 = -251   
   (b) Alabama wins, you end up with 100 - 351 = -251   
   (c) neither wins, you end up with 39 + 100 = 139   
   Even though you are betting 641 in total, you are actually risking 251 to win   
   139, which is about -180.   
      
   On the other hand:   
   Betting 251 on just Alabama pays about 28 if Alabama does not win   
   Betting 251 on just Georgia pays about 87 if Georgia does not win   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca