On -600/+450 beating the favorite line by 100 cents is still –EV (negative expected value). As shown in this illustration that’s often not the case.
The reason this illustration is important is because a novice bettor finding -500 when all other sites have -600 will be overly excited feeling he’s most certainly found a +EV (positive expected value) bet. The novice bettor mistakes the fair odds as -525/+525 while our tool shows the actual no-vig odds are -471 / +471. If you’re thinking okay what’s 2 cents worth… try doing the same for Saints -600 / Lions +450. This is a mistake, enter -160 and +140 into our no-vig calculator and you’ll see the actual no-vig odds are -148 / +148. For example, if the moneylines of an NFL football game are NY Giants -160 / Atlanta Falcons +140 novice bettors often make the mistake of assuming the fair odds without juice are Giants -150 / Falcons +150. The tool to the left can be used to calculate no-vig odds and no-vig win probabilities. Click Here for our 3-Way No-Vig Calculator No-Vig Fair Odds Calculator
