Quote:
Originally Posted by 1320Nation
Maybe I'm looking in the wrong areas for odds on events, but the above structure is how I always find them displayed these days. Using the above info for creating a vBookie event, how is everyone adding the info when vBookie ask for it as Odds X___ to Odds X___ ?
|
You would need to know those numbers mean (which I don't) but I just looked at a betting site which had this to say:
Quote:
If we picture the number 100 sitting in the middle of these two values, it helps to illustrate how MMA betting works. For example, betting a -200 MMA favorite means you would risk $200 in order to win $100 in profit. On his or her opponent, you would risk $100 and win $180 on the underdog. Other forms of MMA odds will be listed here later in 2013. They include over-under rounds (will the fight end in the first, second or third round or go to a decision?) are usually available close to fight night.
|
So taking your example of:
Glover Teixeira (-440) vs. Ryan Bader (+350)
You would risk $440 in order to win $100 if you bet on Teixeira and you would risk $100 in order to win $350 by if betting on Bader.
To convert this to odds, just reverse the numbers. "100 to 1" means win 100 for every 1 bet, so using that based on the information above would give us:
Odds for Teixeira to win would be 100 to 440 (Win 100 for every 440 bet)
Odds for Baden to win would be 350 to 100 (win 350 for every 100 bet)