Pick'em Leagues: THE BIG SHOW CASUAL BEST OF THE REST Single Event PvP: FANTASY POOLS Betting Leagues: THE BIG SHOW BEST OF THE REST

Tito / Evans - House Odds are off...

Print  
Posted By Message

thestaton

Learning to Sprawl

thestaton Avatar
 
 
 


 
 
Posts:35
Career:263-155
Joined:Jan 2007
Camp: MMA Weekly
Chips:
1
On the majority of the real world sportsbooks the odds seem to be around...

Evans +110
Ortiz - 105

would make this a lot more interesting bet on the playground. as it sets right now I see it as a silly bet on here.

Post #1   7/5/07 8:43:07AM   

DoTheMMAth

MMA Sensei

DoTheMMAth Avatar
1
 
 
 


 
 
Posts:1,567
Career:1,458-907
Joined:Dec 2006
Chips:
356

Posted by thestaton

On the majority of the real world sportsbooks the odds seem to be around...

Evans +110
Ortiz - 105

would make this a lot more interesting bet on the playground. as it sets right now I see it as a silly bet on here.



Feel free to read the second item here for a brief explanation, bearing in mind that this is a fantasy simulation.

Also, it is not uncommon for close matches to both be - odds

bookmaker.com (at the time I'm writing this) lists Tito and Rashad both at -115 and also lists the upcoming Gonzaga v Couture fight at -125, -105 respectively.

To make it more appealing the odds we use are slightly in the player's favor as well. In real world betting the underdog odds are numerically lower than the favorite odds, as that is how the house makes money (the house only makes money when the underdog wins in straight bets). To reward gutsy bettors here in this fantasy game, we've done the opposite. So yes, in a nutshell, the concept of a very simple house betting system is in place here, but it is tweaked for gaming purposes and for the purpose of making it so that everyone has the same odds available to them so as to create a completely level/equal-opportunity playing field

_______________________________________

Post #2   7/5/07 9:12:16AM   

pwnitat0r

Learning to Sprawl

pwnitat0r Avatar
2

 
 
 


 
 
Posts:7
Career:903-487
Joined:Jun 2007
Chips:

Posted by DoTheMMAth
To make it more appealing the odds we use are slightly in the player's favor as well. In real world betting the underdog odds are numerically lower than the favorite odds, as that is how the house makes money (the house only makes money when the underdog wins in straight bets).



Not sure exactly what you're saying, but unless the house takes a position on the fight, or they get so much one-sided action the lines moves a good amount and they're stuck with a position on a fighter out of choice... then the house makes money on juice, the difference between the two lines.

Post #3   7/9/07 10:32:08AM