Understanding the Bookmaker - Bookie Overrounds and Margins . Our Mission: To provide YOU with a high quality professional betting resource site. Including details of Horse Racing Betting, Greyhound Racing and Football Betting Systems, Methods, Information, Articles, Tools and Tips. To calculate the bookmaker's overround, convert the odds of all participants in the event to percentages and then add them together. Using as example a soccer game: Home Win: 1.80 Draw: 3.30 Away Win: 4.50 (100 / 1.80) + (100 / 3.30) + (100 / 4.50) = 108.08. An overround closer to 100% traduces in better value of the odds for the punters. That 5% is considered the overround. Calculating the Vig. There are many websites on the Internet that offer vig calculators. Simply enter the odds of both teams and the calculator will compute vig and overround percentages. The higher the percentage, the more the bookmaker is charging for your wager. Welcome to the overround calculator website. We have built all the tools you need to make your sports betting (and specifically your navigation of different bookmaking markets) experience better! Below we have a overround calculator and also some more information about overround and bookmaking markets in general. Overround of 50/50 odds. A 50/50 bet is one that has an equal chance of winning or loosing. Totals and spreads are often 50/50 markets. If there was no overround the odds would be 2. Bellow is the overround for different 50/50 odds. There are actually two numbers you need to understand when looking at how bookies make money: the vig and the overround. The vig is the profit the bookmaker will make, as a percentage of all bets. The overround is the total “book” over 100% that they have covered. An NFL betting example: The Los Angeles Rams are playing the Miami Dolphins Betting (bookmaker, bettor) calculator. The current web page allows you to calculate Vigorish (Margin) and Overround for bookmaker odds, to evaluate the proposed Line (market). Also a bettor (a professional player who bets on sports) has the ability to calculate stakes (amounts) for the betting arbitrage (surebets). The key thing to remember is that the lower the overround, the fairer the market. If all these percentage calculations hurt your brain, this handy overround calculator does all the legwork for you. Simply punch in the odds for every selection (up to 15) and it spits out the overround. You should be swerving markets with unbeatable overrounds. Bookie’s Overround. Next weekend, Manchester United host Liverpool at Old Trafford. At the time of writing the odds for Over/Under 2.5 goals are 1.81 and 2.10 with Pinnacle. So, a little about Pinnacle first. Pinny are well-known as being one of the ‘fairest’ bookies on the market. Overround betting is the lifeblood of any good sportsbook worth its salt but, such is the meaning of overround, it can be applied for anything where chance plays a part. Take this simple formula for calculating the betting overround for something as basic as a coin toss. Heads = Probability 50% = (True) Odds (1/1) 2.00 Stake = £50
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