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Calculating the hold on props

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    Calculating the hold on props

    Got this from sportbookreview.com about bodog sportsbook

    Hi,
    I've been checking sportsbooks, looking at different entertainment
    sections... when i came across Bodog sportsbook. They have the worst lines
    I've ever seen.
    For example:
    There FINDING NEMO box office line has a 238% HOLD. What kind of crap is that? In fact, all their entertainment props suck. I definetley think they should be in the beware list. Obvioulsy there just out to make a buck.
    SBR EDITED PART OF THIS PLAYER'S COMMENTS UNTIL WE HAVE BETTER INFORMATION
    Look at this line:
    Friday, May 30th: Total Opening 3-Day Weekend Box Office Sales: Finding Nemo
    Finding Nemo: 60M or > 1/7
    Finding Nemo: 55-59.9M 1/1
    Finding Nemo: 50-54.9m 2/1
    Finding Nemo: 45-49.9M 5/2
    Finding Nemo: 40-44.9m 3/1
    Finding Nemo: 39.9M or < 6/1
    That's ridiculous.
    how is the 240% hold calculated?

    thx. [/quote]

    #2
    Decimal odds are:
    1.14
    2.00
    3.00
    3.50
    4.00
    7.00
    -----> sum (1/odds) = 2.39 :: 139% 'hold', not 239
    KOFFIEBOER, YOU ARE MONSTER

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