Hey guys,
So I'm trying to figure out the link between the juice that the books charge on favorites and the probability of those plays winning. For instance, on average, what do you guys think is the (average) probability of a -130 play winning? What about -150? -200? It could be any play, of any of the 4 major leagues in North America (MLB, NHL, NFL, NBA). Thoughts?
So I'm trying to figure out the link between the juice that the books charge on favorites and the probability of those plays winning. For instance, on average, what do you guys think is the (average) probability of a -130 play winning? What about -150? -200? It could be any play, of any of the 4 major leagues in North America (MLB, NHL, NFL, NBA). Thoughts?