03.05.11

Effect Of Online Bookie’s Margin On Online Punter’s Revenue

We’re also blinded by totally free bets or deposit bonus provided to open an account at new bookies, once we ought to focus much more around the lengthy run and bet with online sportsbooks that takes smallest margin, provide us large limits and therefor are greatest answer for punter’s revenue in the lengthy run.

For simpler understanding – just how a lot money you’re living by betting at bookies that get perhaps only 1% larger margin, let’s do a easy calculation.

Instance:

NBA bet

average odd: 1.91 (European Odd) or -110 (US odd) represent 4.5% margin

How is this margin calculated ?

Simple.

Let say you bet on the NBA sport and you place a wager on the handicap bet.

You have 2 feasible outcomes – both group A covers handicap or group B covers handicap.

Each handicap bets have 50% opportunity to win.

Since odd for 50% opportunity to win ought to be 100/50 = @2.0 this indicates if you bet $100 on each handicap bets, you placed complete on each bets $200.

Since 1 bet won, you ought to get your money back again.

$100 wager x @2.0 = $200

But in actual life bookies are not so generous cause in addition they wish to make revenue.

And for this reason no bookie will give you @2.0 on each bets with 50% opportunity to win.

For this reason you see usually odd @1.91 on this kind of bets like NBA handicap and complete bets on the exact same sport.

And now back again to how we calculate bookie’s margin.

We bet $100 on each NBA handicap bets @1.91

So we placed on each bets 2x $100 = $200.

1 bet won and bookie compensated out $100 x @1.91 = $191

Complete bookie’s revenue = $200 – $191 = $9

Complete money that bookie accepted = 2x $100 = $200

Bookie’s margin = (complete bookie’s revenue) / (complete money that bookie accepted) = $9 / $200 = 0,045 = 4.5%

Much more practical method to calculate bookie’s margin in percent is

(2.0 – bookie’s European odd on the bet with 50% opportunity) x 50

If we wish to bet at bookie that has 1% decrease margin then we ought to get odd on the bet with 50% opportunity to win @1.93

This indicates that a difference in punter’s revenue is 0.02 x punter’s stake – if he bets at bookie that provides him @1.93 (taking 3.5% margin), in contrast to betting at bookie that provides him @1.91 (taking 4.5% margin).

If we would bet $100 @1.91 then we would make $91.

But if we would place the exact same bet at online bookie that provides us @1.93 then we would make $93.

At $100 bet difference in punter’s revenue is $2.

Or making this quantity independent of how a lot we wager, then this

difference is ($93-$91)/$91 = 2.2%

And this quantity is essential to comprehend how a lot money punter’s leaving by betting at online bookie with greater margin.

You can effortlessly calculate how a lot much more money you’d get with bookie that has only 1% decrease margin.

If you produced $10,000 at bookie with 4.5% margin then you’d make 2.2% much more or $220 much more if you’d place exact same bets with bookie that takes only 3.5% margin.

And this $220 that you get much more by choosing different bookie isn’t tied to any rollover requirement or situation that you need to have your money on bookie’s account for subsequent 30 days.

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