hey goblue been trying to look for you, have some soccer questions, how do you find a edge in soccer with draws invovled, what books are are the square ones, is pinny still the sharpest for soccer
Pinnacle (and SBO Bet) usually have the most confident numbers for Soccer. BetFair gets good liquidity, however if you track their numbers long enough you'll discover that nothing there is +EV to Pinny's price, similar to Matchbook. The exchanges are essentially Pinny's no-vig price.
Anywho, here's how you calculate . . . you really should learn how to incorporate these into excel so you could do this on the fly. There's 4x as many soccer games on some Saturdays as there are CBB. And they're almost all over by noon ET.
1. Current Odds for Arsenal - Man City tomorrow at Pinny...
-116 / +284 / 351
2. Percentages...
Arsenal W = 116/(100+116) = 0.537
Draw = 100/(100+284) = 0.260
Man City W = 100/(100+351) = 0.221
3. No-vig percentages...
0.537+0.260+0.221 = 1.018
0.537 / 1.018 = 0.527
0.260 / 1.018 = 0.255
0.221 / 1.018 = 0.217
4. Your book's line....
-110 / +250 / +300
5. Repeat Step 2...
Arsenal W = 110/(100+110) = 0.523
Draw = 100/(100+250) = 0.285
Man City W = 100/(100+300) = 0.25
6. Edge calculation (my sig)
((0.527 / 0.523)-1)*100 = 0.764%
((0.255 / 0.285)-1)*100 = -10.526%
(( 0.217 / 0.25)-1)*100 = -13.2%
7. Edge structuring...
Bet TO WIN 0.764% of your bankroll on Arsenal -110 at "your book".
Additional notes...
Risk of Ruin
Full Kelly: 13.53%
Half Kelly: 1.83%
2/5th Kelly: 0.67%
3/10th Kelly: 0.13%
1/5th Kelly: 0.00%
You won't lose $$$ on 1/5th Kelly, but it will take a massive bankroll or thousands of bets to make some serious $$$.